Today I'm going to give you some information about Blockchain First. Only a few people are aware of this fabulous technology and they have praised this technology everytime.
This period of time hugely depend upon these technologies. And someday this technology is going to revolutionize the world.
There are many definitions of blockchain but
according to Wikipedia:
It is a continuously growing list of records called blocks which are linked and secured using cryptography. By design blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent. It was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger.The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.
I will give you more information about Blockchain.We will talk about The Inventor of Blockchain "Satoshi Nakamoto".
Satoshi Nakamoto was the person behind the invention of this won technology. He gave the concept of blockchain in 2008 and He used it on the first cryptocurrency BITCOIN.
His work on Bitcoin was an inspiration for other cryptocurrencies and there are more than 1500 cryptocurrencies listed on CoinMarketCap right now and the number is increasing day by day.
Whatever people invent or discover all these things are used further.
Same is the case here.Blockchain has many uses. Almost every developed country have started to it for different purposes.
Source
People have started using it for many things.
Some use it in health related problems, some use it for making swift money transactions and some other countries like China are trying to build smart cities with the help of this amazing technology "Blockchain".
Blockchain will be and can be used in every field of life. People have started to make use of it. It will replace the convent use of treating diseases. It will be used in making smart cities. I think a time will come when this amazing technology will be used in each and every field of life around the world.
And then, people will remember the name of this great Inventor "Satoshi Nakamoto".
Like every other technology, blockchain hasn't been widely accepted as technology as it should've been. Blockchain is in its 10th year now and still only a countable number of people know about it.
- In today's world social media is used a lot and now we will talk about the impact blockchain can have on social networking websites.
Blockchain has also stepped up in the field of communication system and these communication systems are social media networks.
- Now we will talk about social networks and their role in our life.
The concept of social media networks came into existence in the early 2000's when many social networking sites and applications were introduced but after 2008 the concept of social media websites and apps increased tremendously. These applications brought people closer to each other.
They were able to communicate from one country to another. They started making friends using these social networking sites and applications. They were able to share documents and pictures. They were able to make voice calls and video calls. And there were many other advantages and uses of these centralized social networks.
Some centralized social media giants like Facebook, Twitter, Instagram, Skype etc. have revolutionized the whole world. Billions of users are enjoying these social networking apps. From a 10 year kid to a 70 year man/women, almost every single person is using these social networking sites and applications.
There are millions of people who spend at least 5 hours daily using these social networks. They use it for chatting, sharing pictures and thoughts , doing voice calls and video calls with their friends and family.
Some people use it for promoting their business or organization by posting adds and articles.
And I think everyone knows how social media has revolutionized the world. It has changed our lives and has brought us closer to each other.
But all these social networking sites are useless without internet which was another greatest invention. These applications and other networks work by using "The Internet".
- People always want better things.Everyone talks about social networks and their benefits.But they never thought that these sites can be better.
Let me explain all this to you!!
For example, there is a giant social network known as Facebook. It has over a billion active users and you will be surprised to know that it earns an average of $5(USD) per day from its active users. That sums up a huge amount of money, isn't it?
I know you will think about it. Questions like, How is it possible? Will rise:
But it's true!
It is simple!
The time and data you spend by making interactions on Facebook and watching adds.
That means thses centralized social networks earn money by selling you adds and also selling your data to other companies.
They are making from your things and these things doesn't belong to them.
But!!!
- There is a solution??
Steemit was introduced in 2016 as a social media blogging platform which runs on blockchain.
It rewards people for the posts, blogs and comments they make here on Steemit.
Now there is a platform which is decentralized means you are given the kind of privacy, transparency and security that you deserve.
You can share stories, thoughts and text your friends and family. And that decentralized social network is Sphere
Sphere is a decentralized social network. It works on blockchain. It gives you the kind of privacy you need. It gives you the transparency you deserve. Also it gives you the best security option which can save your data from being stolen.
Apart from these things you will get some other benefits. You will get a share of data you consume on Sphere.
It also aims to give power back to the people by giving them the control on their data they consume on Sphere.
Users have many profits on Sphere and also the advertisers have some benefits. For Advertisers who plan to promote their business, it ensures to target the right consumers cutting down the extra costs.
Now thats a good news!
Isn't it?
Sphere has created applications for both IOS and Android. Links will be given at the bottom of this post.if you like this revolutionary social network. Be sure to check it out here
Sphere is currently running an ICO and its going to end on 9th of April 2018. By participating in the ICO, you will be awarded the SAT tokens.
These SAT tokens will be used by sphere to fecilitate within the sphere network. They are also tradable. You can convert them into bitcoin,etherium,litecoin and other coins or tokens. And at the end you can convert them into cash as well.
- One SAT token is valued at $0.14.
Now take a look at the ICO_timeline to see the bonuses you will be getting if you will join now. So hurry up and join us to earn some money.
- ICO_TIMELINE
Sphere has been praised by its users and if you want to know more you can check it yourself.
- You can also join with my referral link and get 20 SAT tokens for free when you sign up.
https://sphere.social is the official website of Sphere.