Is blockchain is a never ending process? - page 2.

shesheboy

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Quote from: ?? on ??

No one can tell for the now but as time goes on only when the internet goes stops working or functioning then there will be no more blockchain and also it may also advance to an extent where we may even lose count

That wont happen because internet is super important to humans . many jobs and business rely on internet . electricity is the second important thing that are impossible to stop . do you notice that there are now generators ? Because even when blackouts or brownouts occur . the electricity and internet will always continue to run without interuptions . so as the blockchain . thats it, blockchain really is a never ending process .

Smithsuman

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blockchain works a transaction is placed in a block by miners who are special nodes. The computers in the network holding the Blockchain are called nodes. Miners place transactions in blocks in response to proof of work challenges. ... Cryptography is essential on Blockchains to thwart thieves who would like to hack into the Blockchain

AimHigh

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Yes it is possible that blockchain will stop soon because their is no permanent in this world but we need to trust blockchain. If we can see blockchain is a great new update of technology for data and for sure it consume many years before of stopping happen because many of company was now using blockchain even banks.

FedorIzmailov

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I think that blockchain can be stopped only when the Internet disappears around the world. probably this can happen only because of the apocalypse

sclmte

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blockchain is a great technology in the country and it's also a decentrilized blockchain for everyone, and it's also a secure well-organized currency. but a blockchain seems to consist of a never ending process but we can not say that everyone has an end but we just do not know when it will be lost forever or temporarily. we should prepare it for sometime because we do not know that blockchain techonogy will disappear shortly.

YOSHIE

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Quote from: bankscrypto on June 14, 2018, 01:10:50 PM

blockchain is a decentralized and secured technology for transaction or transfer currency all over the world. But is it possible to stop one day or its forever?

What I know is that the Blockchain system is cryptographically protected so that the timestamp on the document cannot be damaged or backed up, it is very safe.
About BlockChain Technology is designed in modern technology systems, data encryption is very strong and can only be read and added, but cannot be changed, protected by cryptography encryption that cannot be edited,
BlockChain develops without depending on centralized servers.

Therefore BlockChain avoids the risk of downtime on the server. Centralistic blockchain systems become decentralized, so the blockchain will not die or disappear along with the technological sophistication of the world today.

Gazaaaaa

newbie

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"Blockchain" get issues not just for its latest but its transparency and integrity. These factors are enough to attract human's needs. The world eventually are progressing to more better society. Therefore, i think Blockchain might be replaced one day by more greatest technology but it won't stop easily

jakezyrus

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Quote from: eann014 on January 21, 2019, 11:09:23 PM

Quote from: bankscrypto on June 14, 2018, 01:10:50 PM

blockchain is a decentralized and secured technology for transaction or transfer currency all over the world. But is it possible to stop one day or its forever?

If miners will stop to mine then there will be a day for bitcoin or cryptocurrencies to stop or has an end in the future. ~

blockchain tech. isnt all about cryptos so even you say that miners will stop , other blockchain service can still run with or without human supervision . blockchain really is unstopbale though people have restriction to access it when the times that internet is not availble or if theres no power source because being online is the main habitat of blockchain technology

DigitalCyberius

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That's a very interesting question. Obviously, it can't be "forever". However, look at most other technologies in the past. Bows were replaced with firearms, all paper currencies in the past have failed and lost the majority of their original perceived value, Telegraph was replaced with telephones, and telephones have been largely replaced with cell phones and now smart devices. The way we've dialed phone numbers has changed. Typewriters to keyboards and wordprocessors. Etc, etc. Blockchain is interesting, and the concept may stick around for a long time, it may even become deeply embedded into everyday life or into certain industries (of course it could also be forgotten and/or replaced). One should look into upcoming technology, such as quantum computing, and see if it poses dangers to blockchain technology, or if the two could be combined somehow to create a combination of both.

Have a good day,
The Cyberius team.

coingecko

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Blockchain seems to be here for the long term, but it will improve to be more scalable in the long run. blockchain size will be so light that everyone with a mobile phone will be able to mine it without affecting daily usage. Hardware technology will definitely improve along with software technology, like how 20 years ago, a huge server could only store 128mb of storage, today a thumbdrive can store up to 1tb.

kaisa

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The blockchain is a distributed recording technology so that the distribution of records will always be continuous, but at least there must be a minimum confirmation of recording, at least 3 confirmations which will then be broadcast to the next chains. The more new networks automatically the more records on the blockchain, so the blockchain will continue to flow like water.

Ezenwanyi1

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Veil

Blockchain as a decentralized structure has come to stay.
Blockchain technology is actually the future of payment irrespective of what is going on in the Cryptocurrency market now.
The fact is that the blockchain technology will not die as long as the world exists.
It's potential for the success of any business in the future.

Velkro

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Quote from: bankscrypto on June 14, 2018, 01:10:50 PM

blockchain is a decentralized and secured technology for transaction or transfer currency all over the world. But is it possible to stop one day or its forever?

Its as long as people want it to be.
You could ask, if gold will remain as valuable asset in people's mind or they will stop to use it/see it that way in future. Noone knows that really, but i doubt it that Bitcoin will move anywhere in coming 100 years.

eann014

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Quote from: bankscrypto on June 14, 2018, 01:10:50 PM

blockchain is a decentralized and secured technology for transaction or transfer currency all over the world. But is it possible to stop one day or its forever?

If miners will stop to mine then there will be a day for bitcoin or cryptocurrencies to stop or has an end in the future. It also depends on us or who all uses bitcoins. If there is some improvement on the process for bitcoin then for sure it will continue to process. Hopefully this year we can see some improvements especially for the price of bitcoin.

coinnumber

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Quote from: bankscrypto on June 14, 2018, 01:10:50 PM

blockchain is a decentralized and secured technology for transaction or transfer currency all over the world. But is it possible to stop one day or its forever?

Blockchain is a technology that has no limit as it has a lot of good features such as security, transparency, traceability, keeping data in a way that can't be altered and they are visible to public etc. With this features and lot more which I believe every nation need to improve the security and backed their economy.
Blockchain will keep improving by adding more features and be more useful forever.

pltgksl

newbie

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Blockchain is definitely not something to be limited to just crypto money, it will not be surprising to see it in different technologies very soon.

bolbau

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I think blockchain will never end if we talk in the context of today's technological capabilities. data will continue to be processed endlessly, this is one of the advantages of blockchain technology, unlimited freedom. but if you want a little utopian, it doesn't rule out the possibility in the future, maybe when we are dead, there will be more crazy technology like today

rapsa2018

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Day by day so many transaction they need to process and it's unstoppable to stop because every transaction need to finish while there are so many altcoins need to done its transaction.

meanwords

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It would seem that it is impossible to stop this at this point unless the whole internet in the whole world is cut off or all the miners stop mining. That's just how Blockchain works. As the advancement of technology takes place, it is more likely that it would be replaced by something more powerful in the future.

Artemis3

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CLEAN non GPL infringing code made in Rust lang

Quote from: dothebeats on June 15, 2018, 05:10:48 PM

If you're referring to the bitcoin blockchain, yes, it's possible for it to be stopped if a global crackdown on miners takes place and seize all the mining equipment, further preventing the addition of new blocks on the chain. Given the 'decentralized' nature of bitcoin, and its miners being situated into different parts of the world, it would be hard to search all of these and seize it all, so that one possibility is ruled out. Another event that could possibly stop bitcoin's blockchain is a nuclear warfare wherein a huge percentage of the world is completely disintegrated and the remaining are left dying in nuclear waste. We are very far from that happening but it still is a possibility you cannot rule out to happen in the distant future, otherwise the process of adding blocks in the chain is ad infinitum.

Even if all asics disappeared tomorrow, people could simply go back to cpu/gpu mining. Granted, that diff adjust would be painful, but the network would survive.

My actual question is: What happens after the last bitcoin gets mined?. Sure the year 2140 is so far away we may not even see it, but, I'd like to know regardless.

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