In January of 2009, based on research published in November 2008, an anonymous person named Satoshi Nakamoto published an electronic coin called Bitcoin, which is fully encrypted and based on block-block technology. In its first application as a technology, Financial world.
Bitquin is not controlled by any central authority and is not subject to any central laws exchange currency is directly between dealers without a mediator process, which completely cancels the banking sector of business transactions and transfer of funds.
What is the technique of plaque and what is it based on?
BlockXin is a technology for storing, verifying and licensing digital transactions on the Internet with high security and encryption, which can be impossible to break under the technologies available today.
Many researchers and experts assert that the technology of balkshine will be the gateway to a world of innovation in the Internet space and the destabilization and change of business methods in a way that may disappear with many companies around the world as money transfer companies unless installed wave and adapt their work with the latest technologies.
Traditional business management depends on centralization most of the time and the inevitability of a third party in any transaction that authorizes or guarantees the transaction. For example, banks are the ones who control the money transfer sector for a specific fee. For example, the bank is the third party to guarantee the transaction and transfer funds from the sender to the sender.
In another example, the Land Registry Department represents the basis of dealing and transfer of ownership of any property in any country so that it plays the role of the third party for specific fees issuing property and leases and ensuring smooth handling.
The focus of this transaction is of any kind
Need time to be done completely (lack speed)
Charged high fees in all transactions
Infiltration and manipulation
Limited participation
Need specific skills, rules and regulations governing the role of the third party
Trading in them is highly vulnerable
Despite all these challenges and flaws, this is still the way around the world. What if I knew that the technology of the blockin was designed to eliminate all these challenges and defects.
In short, it can be considered as a new type of database. Instead of being centralized in the third party of the transaction and stored in one server or several third-party servers, the databases are all stored frequently in all connected devices Some or in the devices of persons dealing with each other who use these databases stored in their devices in duplicate in verifying the validity of any transaction.
Having a copy of the transaction in people's devices facilitates the detection of any unauthorized transaction.
For example, let us assume that there is a coded database in the blockbuster. This database is stored in 5 people in encrypted form. This database contains my personal data. I am the only person authorized to make any changes to this rule. If I change my phone number, the database in my device will change the base of my device and communicate with all devices that have the same database in an encrypted way to report the change. On the other hand, until the change is made on all devices in the network, I agree first that I have the authority to change the phone number and then update the stored database. Suppose a hacker succeeded in changing my phone number in the Shin Block database. Will be rejected by other databases in the plucin network, making the penetration of the blockbuster network almost impossible.
Of the properties of plucin
There is no / no centralized or third party transaction required
No one agrees or rejects the transaction if you are authorized to do so
The power of the system in the range of encryption and not centrality
APPLICATIONS FOR POLYXIN
Financial transactions: For example, electronic currencies such as stocks, equities and remittances
Supply Chain: The Shin Block technique can keep the history of any product or plant from origin and even the buyer in a safe, reliable and encrypted manner that can not be manipulated.
And in many areas such as saving passwords, credit rating, issuing driving licenses, marriage certificates and managing assets and assets.
To this day there is a reservation on the use of Block Shin technology because it may cause a change in systems and laws and may lead to the disposal of many companies and government institutions and private.
What hinders the application of plocin?
Most people and workers in technical and service organizations do not know what the technology of the blockin, but if they knew it, their knowledge is simple and free of details and no more than their knowledge of the currency Bitcoin
The novelty of this technique, which needs time to mature and vary in applications
Manage data in a decentralized environment
There are no international standards and standards for this technique
Regulatory Acceptance: It simply requires a radical change in procedures, laws and policies
Resistance to Change