Welcome, we are here to explain what is Blockchian.io and why it is a better way for the trading and why i believe this project will work.
Bitcoin is a sort of platform that allows you to run currency as an application and has a decentralized system, like the internet itself.
With Bitcoin, communities are free to mint their own money in form of digital token and can start trading without any central supervising authority.
Digital token are like a sort of smarter cash which are more easier to manage because they are immediately liquid, indefinitely divisible, and instantly transferable.
In this way they can be designed to satisfied particular needs. The cryptocurrencies will be traded between themselves and with fiat currencies in these marketplaces .
The internet of values will open a new world of innovations in financial systems.
This will bring financial inclusion to many people who are still unbanked .
Blockchian.io will be a European Cryptocurrency exchange, built on Paymium, which has an unquestionable track record in terms of digital asset protection and the conducting of safe transactions.
Blockchain is the technology behind bitcoin, and most other cryptocurrencies, bitcoin is just one application of Blockchain.
Traditionally, data is kept in a server which is owned and operated by a third party company. This has some disadvantages: A 3rd part has access to your data, it might be destructed, it might be tampered, and it might be leaked. Using Blockchain.io, the data is encrypted and then spread in a distributed network of computers. This way, it is not owned by anyone, it cannot be destructed, and it cannot be tampered with.
In this world already more than once, there have been attacks by hakers who have panicked many countries, such as in South Korea where they lost 31 million in crypto assets.
But Blockchian.io is a revolutionary solution to all these attacks, because it is ultra-secure: a sort of encrypted cold storage and cryptographic proof of reserves. And it contains fair-exchange protocols to eliminate the counter-party risk.
It is also a reliable infrastructure, that has a minimal downtime, restricted to maintenance, or migration. And it has a strong resistance under high volume or DOS attacks. Then, no technical debt.
A block of data is a permanently recorded set of data, such as a financial transaction. The data is first hashed, which is a way a representing the data in a compact format where it could be easily compared for any changes.
Any small changes in the data completely changes the hashed version which makes comparison super easy.
Then the hashed data is encrypted. A private key allows the producer of the data to encrypt the data and serves as a digital signature whereas a public key allows everybody else with the key to decrypt it.
Then the blocks of data are connected to each other (chained). The unique thing is that each block not only contains its own data, but also the hashed version of the data of the previous block in the chain. This means that changing data of a single block would break a chain and the tampering would become evident.
And if we have a hacker with high power who controls a critically number of the nodes in the network, it is able to change the data in subsequent nodes and tamper the data.
I think this project will solve many problems and enables users to securely trade assets.
Social media channels
Telegram: https://t.me/joinchat/E1faPRKlcHR1QAPtPkhc8w
Twitter: https://twitter.com/blockchainio
BitcoinTalk: https://bitcointalk.org/index.php?topic=3681257.0
Facebook: https://www.facebook.com/blockchain.io/
Reddit: https://www.reddit.com/r/blockchainio/
LinkedIn: https://www.linkedin.com/company/blockchainio/
Medium: https://medium.com/blockchainio
YouTube: https://www.youtube.com/channel/UCXBNUMV8QIzOpM3bYNll3zA