Imagine that you have a text file with two columns, where in one column you put an identifier (example "xyz") and in the other a number (example "77").
That is, "xyz" corresponds to "77". This file is in thousands of duplicate computers, with the assurance that no one can alter it but when something must legitimately be altered, in a matter of seconds, all are synchronized.
Even if one of the thousands of computers disappears from the network, nothing would happen. This is what Blockchain represents and although its promise is much more complex and composed of more pieces such as cryptography, it looks for a solid distributed record of synchronization without the need for trust between the members that make it up.
Bitcoin is like John Wick and become the Bogeyman for banks, its creator, Satoshi Nakamoto.
A chain of blocks is essentially just a record, a distributed digital ledger or shared among many different parts, part of a whole.
It can only be updated based on the consensus of the majority of participants of the system and once it is introduced, the information can never be erased, so it is immutable.
The Bitcoin blockchain contains an accurate and verifiable record of all the transactions that have been made in its history.
Here comes into play POW (proof of work) a cryptographic process that proves that one computer and not another has solved a problem correctly.
Falsifying an entry in the blockchain would be equivalent to getting more than half of the participants to agree to lie all at the same time and without having the possibility of coordinating that lie in advance.
What is recorded in the blockchain perse is immutable and permanent, a database that only allows writing. It can not be modified or deleted, only added and all this with the consent of the participants.
Everyone talks about the Blockchain technology, but they only learn how to profit (Mining) not on the promise and how it can help us, it's normal, humanity, we focus on our own well-being, I think the world is not right and a few dollars in bearish tendencies and upwards represented in a graph we like a roller coaster of emotions, it involves us with new technologys, playing at being our own bank is like working the land with our own hands and that is what we come back to our primordial center, is what we started doing since the beginning of time, we are awakening and taking control or perhaps is the advent of technological singularity.
All the interaction that takes place online today is backed by a central authority we trust.
The big question regarding these entities with tendencies to centralization:
Do you think they safeguard our non-profit assets?
The answer is simple, we are the means to profit.
You are always trusting that they tell you the truth, that when you check your bank accounts you feel safe but behind all the smoke screens, the songs of love and peace all scale to the highest pyramid of the elite and the truth is that only We are numbers "0" and "1" in the social blockchain that is why they are afraid of blockchain technology like others fields because they need control.
Do you think that banks are interested in people having their assets in cryptocurrencies storage in a Ledger Wallet?
They do not want you to manage your own assets and the most precious of all, your ideas, they need you to think what you think they need, we are led to the slaughterhouse without free thought, that's why I believe that this type of technology drives within all a certain freedom and freedom is clean oxygen in your lungs, which is healthy.
What do you think?
