Topic: new application of block chains technology (Read 441 times)

Everything is marketing these days. The bankers and newspapers are using the word "blockchain" as the new cool term to drop while disregarding Bitcoin, this is marketing at it's purest and we better have a counter-argument marketing tactic against that.

There is no point to this very thread from what I can see. It looks like OP is trying to summarize what happened while explaining Bitcoin/blockchain superficially. His language skills are also quite low which makes it pretty hard to correctly understand (i.e. it is not just the style/formatting).

Another thing that I dislike here is Bitcoin 2.0. People really need to stop this sad marketing scheme as we are nowhere close to Bitcoin 1.0. Some of the information in the post isn't correct. The hack on Bitstamp hasn't damaged the industry much as everyone who lost coins has received a reimbursement.

Perhaps add paragraph breaks to your post to group the concepts and make it easier to follow?

Also perhaps consider structuring your post to explain what point you are trying to get across to your readers?

The foundation of Bitcoin is Blockchain， which makes bitcoin become a direct and anonymous payment out of government's control. It is a distributed database driven by encryption technology.Speaking from low level, blockchain is a searchable account book. Through the complex algorithm executed by one computer network, the transactions in it could be confirmed within serveral minutes. Each computer in this newwork keeps the backup file of this account book. New block is created and added into the chain each hour and then spread to other part in  the newwork, there are almost 6 times of this procedure. All transactions will be recorded and accessed in this way, so it could be tracked. It is almost impossible to modify the previous block in the chain. Entrepreneurs all round the world now are thinking of how to apply this technology to realize functions above transaction of bitcoin. They think that the blockchain will not only overturn traditional financial system, but also the methods of passing and recording stocks, contracts, poverty, patents and marriage certificate and other financial capitals. Essentially, all things certified by trusted intermediaries are the same. In internet forums and bitcoin meetings, the topic of talking is turning to the application of next generation based on this blockchain skill. On the Satoshi Roundtable, the project called Bitcoin 2.0 lead the talk. Satoshi Roundtable is a party held in holiday resort of Dominican republic in February by bitcoin lovers, and the roundtable is funded by part of the participants. Ludwin expresses that about 5000 customers are developing nonfinancial blockchain application, and the number takes about 20% of the total than 10% of last year. Banks and international communications companies are interested in using blockchain. Some new founded company is developing and use blockchain to exchange traditional currencies in the hope of seeing the simple and efficient financial transaction. The rising of Blockchain brings a basic issue that if the human autonomy should be replaced of technology. Even some experts on encrytion currency also show skepticism. The exchange is particularly vulnerable that the dealers could buy and sell bitcoins by US dollars,Euro and other currencies. However, the collapse of Mt.Gox caused many bad effects to bitcoin community. In this January, another exchange called Bitstamp was attacked by hackers who stole 19000 bitcoins, which made further blow of the whole industry.