#OpChangeTheWorld2 🌎 #Steemit all power of community 🌐
Steemit is a decentralized social network using the cryptocurrency.The concept of decentralization of has gained popularity and is a movement in its own right. The block chain technology is to distribute power at everyone people and not to a centralized group using the cryptocurrency . Explication :
The government has no control over cryptocurrences, Because they are completely decentralized. Most public platforms use a centralized network. The concept of decentralization is block chain technology to distribute power to people and not to a centralized group. Les transactions représentent les échanges entre les utilisateurs, qui sont stockés au sein des blocs de la chaîne de blocs. The different transactions recorded are grouped into blocks. After saving the recent transactions, a new block is generated, it is time-stamped and added to the string of blocks. The transactions it contains are then visible throughout the network. Once added to the channel, a block can no longer be modified or deleted, which guarantees the authenticity and security of the network.
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The first blockchain was then conceptualized by Satoshi Nakamoto in 2008 and was implemented the following year as an essential component of the digital currency bitcoin, where it serves as a public accountant for all transactions. Through the use of a peer-to-peer network and a distributed timestamping server, a blockchain database is managed autonomously. The invention of block chain for bitcoine is the first digital currency to solve the problem of duplicate spending without requiring a trusted administrator.
Blockchain technologies go beyond transactions and "exchange of value without powerful intermediaries acting as arbiters of money and information". Is allowing the protection of privacy and people to "monetize their own information", and provide the capability to ensure creators are compensated for their intellectual property. Second-generation blockchain technology makes it possible to store an individual's "persistent digital ID and persona" and are providing an avenue to help solve the problem of social inequality by " the way wealth is distributed."
What is Cryptocurrency ?
In the simplest of forms, cryptocurrency is digital currency. The flagship application of this technology is crypto-currencies as is the case for example, the bitcoin, which is still far from being the only virtual currency. A cryptocurrence is a medium of exchange as normal currencies as it is USD, more designed to exchange digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure transactions and create new coins. The first cryptocurrence to create was Bitcoin in 2009. Today, there are hundreds of other cryptocurrents. Unlike the centralized bank, such as the Federal Reserve system, where governments control the value of a currency as USD through the printing of fiduciary money, the government has no control over cryptocurrences, Because they are completely decentralized.
All cryptocurrencies are maintained by a community of cryptocurrency who are members of the general public that have set up their computers or ASIC machines to participate in the validation and processing of transactions. All cryptocurrences are pseudo-anonymous, and some parts have added features to create true anonymity.
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All power of community . Good reasons to join the Steemit Nation .... Pass the words!!
Lovely summary there!
I love the free market concept here.
Anyone can be anything with enough effort.
Digging Steemit so far <3
Yes that's what i like too <3
Greeting to Zuckerberg 😂 😏
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Merci #Steemit <3
On ne peut pas partager ?
LOL tu switch de langue ? ^^
Oui c'est ca le concept blockchain ..grace a ca il y a aucune censure et tes transactions sont certifier