Blockchain Details and Information is for everyone to know about. I know I don’t know that much about it myself. I am with you, what exactly is this??
Alot of people have been asking the same question. But I believe that you don’t really need to understand it. Just like, do you understand, how your money goes into the bank. And what happens with it from there? Do you exactly know?? No.
I know I just put my money in the bank or cash a cheque. I don’t know exactly what they do with it. But I do know it is safe and secure. I know it is readily available for me to use it.
But, how does Blockchain work?
I think, I don’t need to know how it works. Just that it is secure and safe. I know it is all new. I am like you, don’t know much either.
It can’t be damaged, and basically a book or sheet of anything of value.
- The blockchain is like a huge, global, decentralized (meaning no one system is the “Central” authority) spreadsheet.
- It keeps track of who sent what and to whom.
- Coins/Cryptocurrency; is able to track what the balance of every account is.
- It is stored and maintained by thousands of people (miners) across the globe who have “special” (high powered and uniquely configured) computers.
- The blocks contained within the blockchain are made up of all the individual transactions sent and received through the blockchain. For example, all individual transactions sent from places like OMINEX, MyEtherWallet, and everywhere else.
- When you access your Cryptocurrency Balances on Ominex.com, or any other Blockchain Wallet or view your transactions on various sources like etherscan.io, blockchain.info, etc., you are seeing data on the blockchain, not in any one personal system.
Blockchain can be distributed, but not copied. So blockchain has basically created a backbone of a new type of internet. This internet changed into something that’s better for everyone all over the world.
Blockchain details and Information
Digital gold sounds great!!! That is what they call bitcoin, maybe that is why others are slowly learning what it is all about. It’s currency is going up and up. Probably more when we all learn what it is about.
And as I said before, just because we don’t know all about it. Doesn’t mean you can’t use it. Or even go and research it on your own. But we never did understand what a cell phone was, yet we all wanted one.
Now where would you be without your cell phone. Or even remember all the talk about a computer?? Did you want one ? Well no, right? Because you didn’t know what it was, or what it did.
But now almost everyone has one, or will get one. We all eventually learned about them. The cell phone and computer. Eventually got one for ourselves or even got one for someone else. But we didn’t want one right away, till others got one.
So this may be the same, need to hear more about it. Maybe you will have more interest in it. And want to find out how you too, will get some Bitcoin for yourself.
What about the Internet???
Did you know much about the internet?? When you heard about it. What did you think? Something just so unimaginable. How possibly will that work. Why would others even want it?
I don’t remember what I thought when I heard about the Internet. But I know when it came to computers, no one could afford one. So basically we couldn’t have one. So why try and figure it out.
I didn’t think we needed this because you could basically look it all up at your library. Or even just watch it on tv, cause if it was important, it was on the tv.
When Cellphones came out, did you buy one?
When they came out, you got one, if you could afford one. Cause they cost alot back then. Now everyone rushed out and bought one either. Cause, why would you? Why did you need to, because you could use your house phone.
It was there, and already paid for.Who wanted to go out and use a cellphone when you were away from home. Because you could just as easily go and find a payphone, as long as you had a quarter.
Again, no need for a cellphone. And, what! You had to pay each month to use this, even though you already paid to get the phone. Sure didn’t make sense back then, when they came out. But we all have one now.
Can’t see yourself without one now. After you seen everyone else with one. Seen the more importance of having one. Now we use it for everything. The more others used it and found out about it.
So maybe that is what will happen with having Blockchain and Bitcoin. More we learn about it and everyone starts understanding. Everyone will want to find out how to get more and want more.