Speakers and intellectuals classify it as a discovery that can revolutionize the world. It has been compared as when the human race became aware of fire or when the first computer was created.
We use this financial ecosystem that has a block chain system, but have we ever wondered what blockchain is?
What is the internet for communication, blockchain is in commerce.
Blockchain or Block Chain
Created in 2008-2009 along with bitcoin, it has now reached great popularity because of the commercial facilities it offers to humanity. However, that is not your only use.
As well as at the moment when the first computer was invented and we only used that vile typewriter. The internet as a substitute to send messages or when we thought that the telephone could only be used to talk with another person (and not for all the utilities that we are giving to him nowadays).
With blockchain the same thing happens
What else could we do with this system?
The Block Chain is a sure way to make agreements. Smart contracts allow users to sign the deals they intend to fulfill. Automatically, depending on the code that involves said agreement, the action
A will always lead to consequence B, instantaneously and without any intermediary. There are no excuses not to evade them, the evidence will always be there.
This also helps us to safeguard our important documents and thus always have them available anywhere we want.
Register our:
Brand
Property
Invention.
Virtually allows us to save anything we want, forever. Yes ... there is no way to erase it.
How does it work?
With more than 80000 users around the world, this system creates an immutable transaction, which manufactures a copy of all transactions prior to it and is stored with the recipient. It is as if everyone had at hand the record of each of the movements within a financial ecosystem.
The "people" who are in charge of verifying that a transaction was complete are called Miners, they have to solve some mathematical problems to receive a certain amount of virtual money in exchange for their work.
This time we are going to concentrate on what interests us, Steemit
What are its benefits?
1) This system allows us to eliminate the "double payment". It is when those crafty third parties take away a percentage in any transaction that we want to do. Banks, organizations or any other intermediary is at the mercy of the blockchain system.
2) Without charging any kind of fee, the Blockchain system in Steemit allows us to send money even though we are negotiating with people from the other side of the world.
3) Each transaction is immutable, this means that we can not give a clean slate. Not with our profile, nor with our publications. Which after a week will be reflected forever in this financial ecosystem.
4) This system also allows us to track any movement that we want to find. Steemit is imbued with the clarity and reliability that the block chain can offer us.
5) The blockchain system is undoubtedly one of the most important discoveries that humanity has made so far. It is only a matter of time for us to start exploiting it as we did with the internet, the telephone and other diverse inventions that emerged from our creativity.
We must feel fortunate to be participants in this platform. All we have to do is take advantage of everything we can to make the world aware of how magnificent Steemit is.
Many thanks to all the users who have supported us since the start of the Steemit Survival Manual. When they show us their evolution, they make us feel blessed with life knowing that by providing our knowledge we can improve their world little by little. Thank you!