Introduction
Every cryptocurrency has its own based platform, its builded to make sure their user/holder believes in consistently. The cryptocurrency overwhelming and influences has took attention all people around the world, this caused by the projects & features included, such as some of programs which benefits their users in reaching their wishes.
What really interesting within cryptocurrency world is the mission & vision brought by the cryptocurrencies itself to the outside parties/individuals. As we can see, such as what steemit did for examples, the steem blockchain offered variety advances features to their users/holders beside the well known popular plafrom already used for about two years succeed attracted and appreciated by people arround the world. We can called this the successfulness reached within cryptocurrency platform uses and made it.
Therefore, the existences of platform based within certain cryptocurrency is highly important & recommended, such as wallet, dapp, and other types of project. This case realpy benefits to enhance users performances within.
As the simple introduction above was a part of digital advancement within cryptocurrency progressed in the world, if anyone of us was a part or being as crypto-enthusiats, I think the point mentioned already knew it and hopeful we learn time by time about the cryptocurrency progressed in order to enhanced ourself educated inside the cryptocurrency world.
What is Blockchain
Blockchain was first outlined by Satoshi Nakamoto in his 2008 paper “Bitcoin: A Peer-to-Peer Electronic Cash System”. Blockchain utilizes a chain of data blocks that are used to create a digital ledger. Once one block is written, it is verified and added to the ledger, where it then remains forever.
The really exciting part of blockchain is that it operates on a decentralized network rather than via the conventional client-server model. Not only does decentralization help bring increased anonymity and improved security, but it also removes the need for a single controlling entity to maintain authority over the database.
Blockchain and the Cryptocurrency
As we know, blockchain platform well known by decentralized system inside, so all of the platform functioned within the application was decentralized which means the system fully owned by the user itself.
Some of the exemplary performed by cryptocurrency platform based
The most famous example of a blockchain application is the cryptocurrency. Cryptocurrencies use blockchain to facilitate financial transactions, which are then stored in the blockchain.
A complete record of this blockchain ledger is stored with each node on the network, all of whom are required to validate each new transaction before it can be made. Due to each node having a full record of the ledger and being required to perform validation, any unauthorized change would be resisted by the network and so prevented.
The decentralized nature of the cryptocurrency has profound implications. It is now possible to transfer wealth without the need of banks and other financial institutions. Not only does this help people send and receive money without having to pay excessive fees, but it also empowers people by allowing them more anonymity when it comes to their financial affairs.
How the Blockchain Works
Additional Cases within Blockchain and Cryptocurrencies Issues
Its not only simple functional cases, there more terms within the cryptocurrency which is connected to the blockchain, such as the following mentioned.
