THE WORLD IS NOW OPEN FOR BUSINESS
Blockchain is revolutionizing the financial system
- YOU can send money from anywhere in the world
- Transparent since you can see all transactions in real time
- low fees
A chain of blocks, is a technology that allows the reliable and secure realization of any type of transaction between two or more people without the need of intermediaries, through the Internet. His introduction to the world was through Bitcoin cryptocurrency, the first blockchain platform.
incluid Digital portfolios, graphic interfaces to interact with the blockchain network that allows users to make transactions and manage their digital identities.
but this is Not the only chain of blocks, each cryptocurrency or token makes its own observatory.
there are many observatory but what the steemit platform uses is called: steem.io
Running a rewards-based decentralized social network required new advances in blockchain technology and in his page says "it Faster than Bitcoin and Ethereum, without fees" , which in my opinion makes it attractive in front of the traditional blockchain.
Now ¿ how the blockchain works ?
The transactions included in the blocks are created by the members of the system. All transactions are recorded and transmitted to all nodes in the network. Thus, all members have updated information with all transactions.
A node is a telephone connected to the network that uses software to store and distribute an updated copy of the chain of blocks in real time.
Transactions are made from wallets. All wallets have a public key and a private key. The public key is an alphanumeric string between 26 and 35 characters. This is the Bitcoin address and acts as an account number. In this way, in order for someone to send you bitcoins and reach you, you must previously give them the public key. The private key is used to authorize operations from your wallet.
IN THIS WAY, TRANSACTIONS ARE MADE, VERIFIED AND RECEIVED.
It is surprising the History that has had money that began around the 7th century to the 5th a. C. when at that moment the first non-monetary exchange was the barter that would later give rise to the coins step to the bill and now at present virtual currencies that can easily be sent anywhere in the world and better still change in local currency
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