Blockchain101

USE OF BLOCKCHAIN Blockchain technology can be integrated into multiple areas. The primary use of blockchains today is as a distributed ledger for cryptocurrencies, most notably bitcoin. There are a few operational products maturing from proof of concept by late 2016 Smart contracts Blockchain-based smart contracts are proposed contracts that could be partially or fully executed or enforced without human interaction. One of the main objectives of a smart contract is automated escrow. An IMF staff discussion reported that smart contracts based on blockchain technology might reduce moral hazards and optimize the use of contracts in general. Banks Major portions of the financial industry are implementing distributed ledgers for use in banking. Banks are interested in this technology because it has potential to speed up back office settlement systems. Banks such are opening new research labs dedicated to blockchain technology in order to explore how blockchain can be used in financial services to increase efficiency and reduce costs Other uses Blockchain technology can be used to create a permanent, public, transparent ledger system for compiling data on sales, tracking digital use and payments to content creators, such as wireless users or musicians. In 2017, IBM partnered with ASCAP and PRS for Music to adopt blockchain technology in music distribution. Imogen Heap's Mycelia service has also been proposed as blockchain-based alternative "that gives artists more control over how their songs and associated data circulate among fans and other musicians." Everledger is one of the inaugural clients of IBM's blockchain-based tracking service. New distribution methods are available for the insurance industry such as peer-to-peer insurance, parametric insurance and microinsurance following the adoption of blockchain. Online voting is another application of the blockchain. #CoachBAndStewards #Blockchain101 #UseOfBlockchain #JoinOurCommunity

Collecting minds and projects that are bringing wealth and happiness to the world! Let’s chat #blockchain

When a digital transaction is carried out, it is grouped together in a cryptographically protected block with other transactions that have occurred in the last 10 minutes and sent out to the entire network.  Miners (members in the network with high levels of computing power) then compete to validate the transactions by solving complex coded problems. The first miner to solve the problems and validate the block receives a reward. (In the Bitcoin Blockchain network, for example, a miner would receive Bitcoins). The validated block of transactions is then timestamped and added to a chain in a linear, chronological order. New blocks of validated transactions are linked to older blocks, making a chain of blocks that show every transaction made in the history of that blockchain. The entire chain is continually updated so that every ledger in the network is the same, giving each member the ability to prove who owns what at any given time. #CoachBAndStewards #Blockchain101 #FinancialEducation #JoinUs

1 minute a day, #Blockchain101 Episode 41: Can I use Bitcoin as a form of payment? Video at https://t.co/VN3ztjY05w Our Question will be: . . . . . . . . . . . . . . . . #HuobiPro #BitcoinPayment #PaymentChannel #AliPay #Fiat #Bitcoin #BTC #BitcoinWallet #USDT #bitcoins #bitcoinmemes #crypto #cryptocurrency #huobi #xrp #litecoin #trx #ripple #neo #dash #altcoin #airdrop #hbus

Blockchain transforming the Internet & the global economy? Make no mistake about it. Blockchain is a highly disruptive technology that promises to change the world as we know it. The technology is not only shifting the way we use the Internet, but it is also revolutionizing the global economy. By enabling the digitization of assets, blockchain is driving a fundamental shift from the Internet of information, where we can instantly view, exchange and communicate information to the Internet of value, where we can instantly exchange assets. A new global economy of immediate value transfer is on its way, where big intermediaries no longer play a major role. An economy where trust is established not by central intermediaries but through consensus and complex computer code. *“The technology likely to have the greatest impact on the next few decades has arrived. And it’s not social media. It’s not big data. It’s not robotics. It’s not even AI. You’ll be surprised to learn that it’s the underlying technology of digital currencies like Bitcoin. It’s called the blockchain.” — Don Tapscott* #CoachBAndStewards #Blockchain101 #FinancialEducation #JoinUs

*Blockchain 101 contd.* When a digital transaction is carried out, it is grouped together in a cryptographically protected block with other transactions that have occurred in the last 10 minutes and sent out to the entire network. Miners (members in the network with high levels of computing power) then compete to validate the transactions by solving complex coded problems. The first miner to solve the problems and validate the block receives a reward. (In the Bitcoin Blockchain network, for example, a miner would receive Bitcoins). #CoachBAndStewards #Blockchain101 #FinancialEducation #JoinUs

WHAT IS BLOCKCHAIN? Simply put, a blockchain is a type of distributed ledger or decentralized database that keeps continuously updated digital records of who owns what. Rather than having a central administrator like a traditional database, (think banks, governments & accountants), a distributed ledger has a network of replicated databases, synchronized via the internet and visible to anyone within the network. Blockchain networks can be private with restricted membership similar to an intranet, or public, like the Internet, accessible to any person in the world. *A blockchain is a magic computer that anyone can upload programs to and leave the programs to self-execute, where the current and all previous states of every program are always publicly visible, and which carries a very strong crypto economically secured guarantee that programs running on the chain will continue to execute in exactly the way that the blockchain protocol specifies.” — Vitalik Buterin* #CoachB #Blockchain101 #FinancialIntelligence #JoinOurCommunity

1 minute a day, #Blockchain101⠀ ⠀ Episode 36: What is a decentralized exchange platform?⠀ video at (link: https://buff.ly/2ubSbMW)⠀ ⠀ Our Question will be:⠀ List one of the Decentralized Exchange platform>⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #TeamHuobi #huobipro #hadax #bitcoin #fintech #blockchain #btc #ethereum #eth #etc #ripple #doge #cardano #crypto #cryptocurrency #airdrop #bounty #ico #tokensale #tokensales #xrp #tron #neo #ethereumclassic #altcoin #altcoins #video #dash #photography

This is How #Blockchain Could Change Digital Marketing Forever / Así es como Blockchain podría cambiar el futuro del #mercadeo para siempre http://bit.ly/2KiXIfm #blockchaintechnology #Blockchain101 #digitalmarket #digitalmarketing #MarketingDigital #marketing #marketingonline #mercadeoenlinea #Advertising #advertise #publicidad

Get a quick start on blockchain. Here’s some key terms you need to know! #Blockchain #cryptocurrency #Crypto101 #Blockchain101

Watch our < #Blockchain101> Episode 24: How to mine Bitcoin? video at ⠀ (link: https://buff.ly/2JzUTGq) https://buff.ly/2sVa4j4 ⠀ .⠀ Our Question will be: How to mine #Bitcoin?⛏️⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #huobipro #hadax #bitcoin #fintech #blockchain #btc #ethereum #eth #etc #ripple #doge #cardano #crypto #cryptocurrency #airdrop #bounty #ico #tokensale #tokensales #xrp #tron #neo #ethereumclassic #altcoin #altcoins #video #dash #photography

📺Watch our < #Blockchain101> Episode 23: What is mining? video at (link: https://buff.ly/2t6Iu1J) https://buff.ly/2t5VLrq ⠀ .⠀ Question will be: What is #mining?⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #huobipro #hadax #bitcoin #fintech #blockchain #btc #ethereum #eth #etc #ripple #doge #cardano #crypto #cryptocurrency #airdrop #bounty #ico #tokensale #tokensales #xrp #tron #neo #ethereumclassic #altcoin #altcoins #video #dash #mining

‪Had a chance to participate in a blockchain talk today in VTV4 - the most well known TV channel for Vietnamese people living abroad.‬ ‪ #VTV4 #blockchain #vietnam #blockchaintalk #fintech

📺Watch our < #Blockchain101> Episode 22: Bitcoin Change Address video at ⠀ (link: https://buff.ly/2MgGMDP) & our Question will be: ⠀ ⠀ #Bitcoin change address work?>⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #huobipro #hadax #bitcoin #fintech #blockchain #btc #ethereum #eth #etc #ripple #doge #cardano #crypto #cryptocurrency #airdrop #bounty #ico #tokensale #tokensales #xrp #tron #neo #ethereumclassic #altcoin #altcoins #video #dash #photography

📺Watch our < #Blockchain101> Episode 21: The digital signature of Bitcoin video at (link: https://buff.ly/2JrmwBk) & our Question will be:⠀ ⠀ 🤔⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ ⠀ #huobipro #bitcoin #fintech #blockchain #btc #ethereum #eth #etc #ripple #doge #cardano #crypto #cryptocurrency #airdrop #bounty #ico #tokensale #tokensales #xrp #tron #neo #ethereumclassic #altcoin #altcoins #video #dash #photography

📺Watch our < #Blockchain101> Episode 20: What happens after I initiate a #Bitcoin transaction? video at (link: https://buff.ly/2l04qYL) & our Question will be:⠀ ⠀ 🧐⠀ ⠀ *Terms & condition apply. Refer to our poster for more details. Grab your HT now! ⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ .⠀ #huobipro #hadax #bitcoin #neo #blockchain #btc #ethereum #eth #etc #ripple #doge #cardano #crypto #cryptocurrency #airdrop #bounty #ico #tokensale #tokensales #xrp #tron #love #ethereumclassic #altcoin #altcoins #video #dash