bitcoin graph


0
Share via
1 share
bitcoin graph
National Debt Relief is rated Excellent!

Whilst most people only started to learn about “blockchain” because of Bitcoin, its roots – and applications – go much deeper than that.

Blockchain is a technology unto itself. It powers Bitcoin, and is essentially the reason why *so many* new ICO’s have flooded the market – creating an “ICO” is ridiculously easy (no barriers to entry).

The point of the system is to create a decentralized database – which essentially means that rather than relying on the likes of “Google” or “Microsoft” to store data, a network of computers (generally operated by individual people) are able to act in the same way as a larger company.

To understand the implications of this (and thus where the technology could take industry) – you need to look at how the system works on a fundamental level.

Created in 2008 (1 year before Bitcoin), it is an open source software solution. This means its source code can be downloaded edited by anyone. However, it must be noted that the central “repository” can only be changed by particular individuals (so the “development” of the code is not a free for all basically).

The system works with what’s known as a merkle tree – a type of data graph which was created to provide versioned data access to computer systems.

Merkle trees have been used to great effect in a number of other systems; most notably “GIT” (source code management software). Without getting too technical, it basically stores a “version” of a set of data. This version is numbered, and thus can be loaded any time a user wishes to recall the older version of it. In the case of software development, it means that a set of source code can be updated across multiple systems.

The way it works – which is to store a huge “file” with updates of a central data set – is basically what powers the likes of “Bitcoin” and all the other “crypto” systems. The term “crypto” simply means “cryptographic”, which is the technical term for “encryption”.

Irrespective of its core workings, the true benefit of wider “on-chain” adoption is almost certainly the “paradigm” that it provides to industry.

There’s been an idea called “Industry 4.0” floating around for several decades. Often conflated with “Internet of Things”, the idea is that a new layer of “autonomous” machinery could be introduced to create even more effective manufacturing, distribution and delivery techniques for businesses & consumers. Whilst this has often been harked to, it’s never really been adopted.

Many pundits are now looking at the technology as a way to facilitate this change. Reason being that the interesting thing about “crypto” is that – as especially evidenced by the likes of Ethereum – the various systems which are built on top of it can actually be programmed to work with a layer of logic.

This logic is really what IoT / Industry 4.0 has missed thus far – and why many are looking at “blockchain” (or an equivalent) to provide a base-level standard for the new ideas moving forward. This standard will provide companies with the ability to create “decentralized” applications that empower intelligent machinery to create more flexible and effective manufacturing processes.


Like it? Share with your friends!

0
Share via
1 share

What's Your Reaction?

cute cute
0
cute
damn damn
0
damn
adore adore
0
adore
scary scary
0
scary
vomit vomit
0
vomit
wtf wtf
0
wtf
cry cry
0
cry
laughcry laughcry
0
laughcry
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
coinkudu

Try Spin to Win!
Kindly get back to your previous orientation view... your wheel is rolling there...
Spin to Win!

Congrats! Your coupon has been sent to you via email (claim your coupon in the next 24 hours before it expires)
COIN KUDU® Coupons
Love saving money? Give it a spin!
#1 Enter your best email
#2 Click the button below to spin the wheel
#3 Claim your prize in the next 24 hours

COIN KUDU® Fashion

The Best Crypto Fashion. Period.™
Sign up below for an exclusive coupon code you can use instantly on your first purchase :)
AVAIL NOW
This is a limited time offer
close-link

Want to be the Next MicroCap Millionaire?

Special Bonus (don't miss this!)
Win $100 ad spend on STAR LINK®
(enter your best email below)
Offer Expires In:
CK® Limited Time Offer
Win $100
close-link

LOVE FOREX?

Special Bonus (don't miss this!)
Win $100 ad spend on STAR LINK®
(enter your best email below)
Offer Expires In:
CK® Limited Time Offer
Win $100
close-link

COIN KUDU®

Learn the Secrets of Making Bigger Affiliate Profits Easily ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
5x
close-link

COIN KUDU®

How to Go from Beginner to Super Affiliate Instantly ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
affiliate
close-link

COIN KUDU®

Find Out the New Secrets of Affiliate Profits ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
affiliate
close-link

COIN KUDU®

Build Your Own Army of Elite Affiliate Soldiers ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
affiliate
close-link

COIN KUDU®

Surefire Strategies to Building Your Affiliate Team ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
affiliate
close-link

COIN KUDU®

Discover the Powerful System to Building Lifetime Profits ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
affiliate
close-link

COIN KUDU®

Learn the Secrets of Amazon Affiliate Marketing ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
amazon
close-link

COIN KUDU®

Learn the Secrets of Increasing Affiliate Profits with Bridge Pages ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
bridge
close-link

COIN KUDU®

Explode Your Affiliate Income while Generating Instant Cash ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
commission
close-link

COIN KUDU®

Boost Your Affiliate Income Instantly ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
commission
close-link

COIN KUDU®

Discover the Secrets to Mining Affiliate Commissions with Ease ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
commission
close-link

COIN KUDU®

Secrets of High Powered Affiliate Campaigns ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
commission
close-link

COIN KUDU®

Deadly Affiliate Marketing Mistakes ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
deadly
close-link

COIN KUDU®

Your Guide to Make Money with Instant Commission Affiliate Programs ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
instant
close-link

COIN KUDU®

Learn the Secrets of Winning those Big Affiliate Contests ($197 value for FREE but only while they last!)
Special Bonus (don't miss this!)

Win $100 ad spend on 
STAR LINK®
(enter your best email below)
Win $100
This is a limited time offer
win
close-link
Subscribe
close-link
Win $100
don't miss this!
close-image
close-link
Congrats! Your coupon has been sent to you via email (claim your coupon in the next 24 hours before it expires)X
Send this to a friend