A review of Blockchain, global economy technology

We are not exaggerating, friends, when we say that the Internet will change our lives, we are very serious. Who can guess that behind the achievement of a great MIT scientist Lawrence G. Roberts in 1975 to connect two computers through a telephone line, the world we know today would change much faster? Today we know many new technologies that have been revolutionizing over the years, revolutionizing the way we communicate and work, one of them is Blockchain technology.

Surely we have all read something or talked on many occasions about this technology, surely it is impossible that we still do not know very thoroughly about what we will see in the future or why we say that the global economy is advancing with this technology. The Blockchain ecosystem is one of the technologies that supports Bitcoin Cash and other cryptocurrencies, one of the most important and influential cryptocurrencies to date has been Bitcoin (BTC). We met her in mid-2009 when the so-called "Satoshi Nakamoto" told us about a well-structured Bitcoin P2P e-cash study. The project would be capable of being an electronic currency ecosystem that was independent of investors. In today's sun Bitcoin is not only a cryptocurrency that exists in different Centralized Exchanges, we can find many others. Long before Bitcoin (BTC) was created, many others have been baptized as 'Altcoin', we will give as an example some of the most famous "Altcoins" on the market: Ethereum (ETH) and LiteCoin (LTC).

The so-called "blockchains" are only activated by the consensus of the minority of developers of the system in general, of which are called "friend nodes" can therefore be a very intelligent computer at the right time and we have to take into account account at the time of making our daily transactions for this type of emerging technology. This is only information and will never be deleted, much less modified.

It is time for you to know what Blockchain technology really consists of, we have to know how its development environment mainly works today. The breakthrough is not very complicated, but it involves more people. It is no longer the bank in which you must certify the transactions, but a group of users. It all starts when A wants to make a transaction for C. In the network, this transaction is represented as a block. This is transmitted to all parts of the network, for example, to "nodes" that are turned off, so that they can approve its validity. Once this is done, the block can now be added to the chain, becoming a transparent and indelible record. Finally, the money is activated from A to Z.

Currently, the programs that are processed by the nodes, what they really do is confirm that they actually want to make the transactions and have the necessary funds to be processed. in this way, all the members of the network "note" the transaction and thus certify that it can become part of the transaction block. This block is going to get bigger and bigger to the point where it won't support any more transactions. With banks you have to wait a while for a transaction to take place. With Blockchain, since there are no intermediaries, the process is immediate. The computer system used for operations works 24 hours a day, every day. Since the information is automatically filled in and the file is saved, there is no need to wait.