Blockchain is a real revolution in the world of financial trading and an integrated technology system like the Internet
Blockchain is a real revolution in the world of financial trading
Blockchain technology is a real revolution in the world of financial commerce, not just financial commerce, but it goes beyond that to be a comprehensive and reliable technology to create an integrated technological system like the Internet system we are used to.
The cool thing that really makes me happy is that when I decided to write a topic about Blockchain technology, I used a Google tool to check my keyword search rate, and I found that there are a lot of people interested in Blockchain technology.
I was very happy when I learned that there are young people who care, seek and understand. In fact, Blockchain technology is an innovation that deserves attention, one of the technological innovations that will significantly contribute to shaping the technological and financial world of the future.
In this article, we will talk about Blockchain technology in a simplified and easy way from several aspects, as an attempt by the winners to contribute to increasing youth awareness, and their awareness of this wonderful and revolutionary technology.
What is Blockchain Technology?
Blockchain technology is a completely new software technology, which first appeared in 2009 in a research paper by Satoshi Nakamoto, with the primary purpose of which was to create a digital currency Bitcoin.
This technology is based on a peer-to-peer system, that is, transactions are carried out between users of this technology without any intermediary, and it is a decentralized technology, that is, there is no one who controls the operations that take place through it. Organizes work.
Blockchain technology is an encryption technology, meaning that the data that is sent, or the money that is traded through it is anonymous, for example, if someone sends 3 bitcoins to their friend, no one will be able to know both people, because the people in the Blockchain system They are just codes. .
The relationship of Bitcoin and other digital currencies with Blockchain technology
Bitcoin is the first currency and the first system built on Blockchain technology, but fortunately Blockchain technology is an open source system, and this has led to it being copied and applied in many other digital currencies.
In fact, many people are aware that this technology only gets rid of digital currencies, but this technology or technology goes beyond the idea of digital currencies.
The Blockchain system can be used for many things, so it can be expected that Blockchain technology - as I mentioned earlier - can be applied as an alternative or parallel to the idea of the Internet in general.
Through Blockchain technology, it is possible to build applications that perform any task, implementation or function, such as smartphone applications or computer programs, the only difference is that they run on a different system, as I will explain shortly.
In fact, these are not theoretical ideas, but on the ground there are applications for blockchain technology other than digital currencies.
For example, Ethereum can make smart contracts between you and anyone, using the same Blockchain technology.