Blockchain made simple isn’t that easy to accomplish. Honestly, not much about Blockchain and cryptocurrency is simple. The blockchain is a system (decentralized) to bring everyone to the highest accountability. Resulting in:
- First, and most important it keeps track of who sent how many coins/tokens/information sets to whom.
- Then, the blockchain is a huge, global, decentralized (meaning no one system is the “Central” authority) spreadsheet.
- Next, Coins/Cryptocurrency; tracks the balance of every account is.
- Also, all information is kept on a single spreadsheet and maintained by thousands of people) across the globe who have “special” (high-powered and uniquely configured) computers.
- Then, the blocks contained within the blockchain have all transaction info on all the individual transactions sent and received through the blockchain.
- Any form of cryptocurrency can create blockchains on the internet.
- All individual transactions sent from places like OMINEX, MyEtherWallet, MetaMask, Exodus, Mist, Geth, X-celtripToxen, and everywhere on Blocks and tracked on each individual Wallet.
- You can access your Cryptocurrency Balances on Ominex.com, or any other Wallet or view your transactions on various and specific sources like crypto. info, etc., you are seeing data on the blockchain, not in anyone’s personal system.
Hold up here is even more on Blockchain which will help simplify or Blockchain Made Simple as we say!
And with lots of information and details:
- No more missed or corrupted transactions or broken data.
- An end to human or machine errors.
- Put a stop to transactions or exchanges (made in error) without the consent of the parties involved.
- The blockchain guarantees and validates each transaction by recording it not only on the main register but on a connected distributed network of registers.
- All of which connect through a secure validation protocol.
Coinbase is a wallet and stock exchange
These 2 Wallets represent 2 amazing situations in today’s Crytpocurrency and Blockchain driven changes in the World as we know it today.
With Coinbase, you will be able to buy or sell top Coins. You will be able to be aware of new coins that are vetted and added to Coinbase’s Platform for your access. I have been using this for years love my coinbase wallet. I have a debit card that allows me to use my earning in stores or online. Check it out here.Then with the Vyvo Smart Chain Wallet you will be connected with what we see as one of the most incredible solutions having to do with Blockchain technologies to better the World. It is all about decentralized health data. Because our Health Data should be protected. Always
As you expand your understanding, you may add additional wallets for your use with specific Blockchain and Token combinations for solutions to come. Or you may want to delve into the alt (or alternative) coin directions. There are hundreds, if not thousands (more coming out daily) alternative coins. These coins or tokens (same definition really) are on different exchanges. While we have delved into alternative tokens, we have found that for us, it has been best to focus on specific projects and top tier coins that are on the top exchanges.
Where Did this come from?
The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the fundamental question every single person is asking, “What is Blockchain really?”
Details on the block chain become clearer here. A block-chains block if anyone tries to copy information because it creates an endless and constantly updated and accessible database. The Internet will continue to develop until it gets where it needs to be for the best of everyone globally. All devices that use digital data and transform information will always need the internet. They have already discovered many alternative forms of digital currency. Bitcoin, Ethereum, Ripple, Vin, China coin, Primecoin, Litecoin, Dash, Dogecoin, and Peercoin are just a few of the hundreds of cryptocurrencies. And the more tech communities grow, the more ways we are figuring out how we can use this new currency to be more secure in our financial transactions.
A Blockchain is a link between thousands of digital data or devices that connect through long-Fi or WI-Fi and transfer data from one device to another. Which is what we now call IoT? You can learn more on this subject by clicking here.
Only one host Controls each Blockchain but is viewable by millions of computers. Not only that, but all data is accessible to anyone on the internet. Everyone shares the same spreadsheet with the same information or data.
Ultimate Security & Transparency.
Which is TRUTH?
This brings us to the present day. Look back to the beginning of the internet when it was just for fast communication through emails and to share information with one another. And now it has grown into massive commerce of jobs and revolutionized the industry. The Results from this is now creating new currencies, it is already happening again; developing to the next level of the technology based on decentralized solutions and “truth”.
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