It solved the problem that it is decentralized, i.e. there is no central authority that controls monetary flows. Using the Blockchain as a payment processor like Bitcoin gives these 3 advantages
Immunity to coercion, blackmail, abuse, fraud, because the blockchain isn’t controlled by a single entity, but by a distributed network of thousands or millions of entities
Instant monetary transactions, also overseas, instead of wire transfers that take days and banks taking money out
Shrinking the wage gap, because wealthy people cannot take away money from poor people through banking anymore. There is no middle man anymore
Topic: What problems can Bitcoin & Blockchain solve ?? - page 3. (Read 636 times)
The most well-known application of it is in the financial sector. With blockchain, you can send money directly to someone else without going through a third-party like a bank or payment processor. Because the blockchain is secured with a decentralized system through cryptography, you can trust that their won’t be fraud involved with the transaction.
Among other things, blockchain technology ensures the preservation of data in the event of man-caused and natural disasters. Destroyed by fire or flood traditional records are not subject to recovery. While the record on blockchain is not stored in one specific location, but copied on a number of devices connected to this system, which guarantees data security, even if most computers are destroyed.
you have to pay a fee of around 3-4% while making the payment to him. Using Bitcoin you will cut out the middleman and won't Bitcoin is a decentralized currency, so if people changed fiat to bitcoin or another decentralized currency, the financial system would become much more fair.
A blockchain opens up access to many things. For example, fair elections. Elections conducted on the basis of this technology will be 100 percent honest. And this is only a small part.
have to pay such high fees.
A blockchain opens up access to many things. For example, fair elections. Elections conducted on the basis of this technology will be 100 percent honest. And this is only a small part.
have to pay such high fees.
I think Bitcoin and blockchain technology are tackling unemployment in the world. I was an unemployed person before. But now I'm doing a lot of things like bounty campaigns and Airdrop to earn more monthly income
What problems in the world can Bitcoin and blockchain technology solve ?
One of the problems that bitcoin and blockchain can help solve the community is poverty due to unemployment. There are lots of people here becomes rich because of bitcoin.
It can make payment more efficient, and can also enable many industries to cooperate.
Crimes, Money Transfers, Media on the blockchain, Truth
Why would Roger Ver want Bitcoin dead
The blockchain is a wonderful Truth machine
1. failed project after failed project
2. assistance to each project to get it back up and running
3. assurance to the community each project was OK
4. an inexplicable catastrophe resulting in lost coins
Rinse and Repeat
For a wall of text on the truth
failed projects, friends in the best of places, political intrigue, paid shills, hack after hack, friends in jail etc etc etc
liberty reserve, bitinstant, bigblock fiasco, mtgox, tagcash, cryptsy, bcash are just some failed projects
Craig Wright, Gavin Andressseenn, Roger Ver, Mark Vernon, Marshall Long, Mark Karpeles, Brock Pierce and Hillary Clinton
has it all
follow the rabbit hole
https://bitcointalksearch.org/topic/ann-bitcoin-cash-pro-on-chain-scaling-cheaper-fees-2040221
https://bitcoinstrings.com/all
Why would Roger Ver want Bitcoin dead
The blockchain is a wonderful Truth machine
1. failed project after failed project
2. assistance to each project to get it back up and running
3. assurance to the community each project was OK
4. an inexplicable catastrophe resulting in lost coins
Rinse and Repeat
For a wall of text on the truth
failed projects, friends in the best of places, political intrigue, paid shills, hack after hack, friends in jail etc etc etc
liberty reserve, bitinstant, bigblock fiasco, mtgox, tagcash, cryptsy, bcash are just some failed projects
Craig Wright, Gavin Andressseenn, Roger Ver, Mark Vernon, Marshall Long, Mark Karpeles, Brock Pierce and Hillary Clinton
has it all
follow the rabbit hole
https://bitcointalksearch.org/topic/ann-bitcoin-cash-pro-on-chain-scaling-cheaper-fees-2040221
https://bitcoinstrings.com/all
Blockchain solve corruption problems, but government blockchains hard to reallize, who will store this blockchains.
I think its must be on the citizens devices of current country
I think its must be on the citizens devices of current country
Bitcoin brings convenience. Bitcoin users can pay for their coins anywhere they have Internet access. This means that buyer never have to travel to a bank or a store to buy a product.
decentralization is the key aspect. also a transparency. Whatever happens on blockchain, you can see that. And whatever you see, you can fully trust it as it was confirmed by certain amount of miners
A lot that I can't list all here. You can google it, there are tons of information about Bitcoin and Blockchain applications. However, I'm going to list some. As for Bitcoin, it provides anonymity for users, solving the problem of leaking personal information. Also, the fee charged for foreign transactions is very low. So this can be a major advantage for travelers.
Blockchain technology offers a solution to digital identity, which is now riddled with fraudulent problems. There are still a lot of fields beneficial from this innovative technology!
Blockchain technology offers a solution to digital identity, which is now riddled with fraudulent problems. There are still a lot of fields beneficial from this innovative technology!
In my own opinion, It can solve the problem of every country that is a very slow transaction and high fee's on transferring money because in BTC we can have a transaction in just a second or a minute with lower fee's aside from that I think it can lessen the corruption of the government of every country because it is decentralized and no one can control the circulation of every economy.
Blockchain technology provides transparency, openness and increased security especially for the coming of the future. With bitcoin you can use online payment services which can be stored into personal assets. without intermediaries or controlled by a bank or government
One of the problem bitcoin is solving now is unemployment. Faster transactions can be easily done through bitcoin. It also has the power to enable potentially world-changing financial innovation.
Blockchain is a new technology that does not yet have many applications but is being gradually incorporated into their system. If it was two years later, it would have been a lot of blockchain
Most of the leading industry problems today can solve by blockchain technologies lets start with financial institutions like banks transactions are not totally secured and transparent in banks as we all know some problems may occur with the current systems today next is healthcare many projects today are using ai as long as blockchain to solve and simplify things within this industry another is in cyber security which data is verified and secured using cryptography this is only some of the most common problems that can solve by blockchain, in the future many more problems will be able to solve by this technology.
Blockchain and cryptocurrency has opened doors and new possibilities. Blockchain has even been dubbed as the "internet of value." Imagine a new and efficient financial structure because there will be no need for a middleman or a gatekeeper. A blockchain based currency will challenge the conventional ways of money transfer and will make it a whole lot better.
right now I don't know about problems that bitcoin solve until right now but, maybe it will solve the problem in the future, maybe right now there are not people that using bitcoin, so they can't solve their problem with bitcoin. so I think if there are many people that use bitcoin, bitcoin can be the problem solver
Bitcoin solves many problems one of those problems is financial problem.. many people has no job. in bitcoin they can do business privately or they can also do bounty campaigns that will let them earn money...
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