The future is called ‘blockchain’

The term “blockchain” is closely related to the bitcoin cryptoneon. This was the first application, and in fact it was the idea of this coin what engendered the blockchain protocol.

Using a non-new system called P2P, blockchain uses small spaces on computers around the world and specific servers to store blocks of information where it records all the operations in the world

Imagine a giant and unique book that only exists in the digital world. It is not a representation of what happens in the analogous world (how banks and trading sites between private individuals do). In that giant accounting book records of every transaction we make with the details of it and the record itself is a transaction. It is not duplicable, can not be deleted or modified, only new transactions can be made.
This protocol is generating blocks of transactions and these blocks are chained together to form this giant book. From there its named: Blockchain. 

blockchain tecnologyblockchain tecnology

In other words, it is a ledger of all transactions owned and monitored by everyone but ultimately controlled by none. It’s like a giant interactive spreadsheet where everyone has access and it updates to confirm each digital credit is unique.

Since blockchain is stored and backed up on millions of computers worldwide and operates autonomously, it is able to generate ‘trust’ almost instantly.

‘Trust’ is no longer deposited and is not provided by large institutions. For the first time in history, trust is deposited and provided by the same people.

The applications of this technology are still difficult to predict but we can see and imagine some. The most popular is bitcoin, a digital currency whose value is around 12 thousand pesos per unit and can be exchanged for similar money in almost any part of the world.

The ownership of bitcoin is registered in this giant accounting book around the world, it does not depend on a bank or an institution. With your encryption key you can access this information anywhere in the world from a mobile device and make transactions to convert bitcoin in any currency.
Beside the financial subject, since blockchain creates unbreakable digital identities for those who use the technology, we can also expect almost infallible inventory control systems and even electoral systems that allow distance voting without any doubt and without having to vote counts by vote and by box.
The reality is that the paradigm shift that blockchain puts on the table is radical and it is forever changing the way we interact with humans to make exchanges between us.

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