Birth of Blockchain

in #bitcoin6 years ago (edited)


Growth is unavoidable in any area of ​​life. According to the World Bank, more than 40% of today's grown-ups and more than 2 billion people are now out of the World Banking system, pushing them to hunger and thirst. Together, however, the hard times are at the same time the most perfect time for us to be productive and look for new and better solutions. Today's banking system has been developed 60 years ago, but it has opened the way for a financial development that has new-born innovative ideas and power that can be transformed into the whole world. The currency used today is made up of an idea of ​​a withdrawal and the idea that the dollar is gold as a counterpart. It has also changed in the 70's when the conversion of the dollar into gold has been completely canceled. Over time, no straight currency has ever protected its value. The reason is simple. Whenever the Central Bank will issue money, it will lose the value of money in our pocket, which we call Inflation. After years of inflation, overbearing markets and irresponsibly regulated financial governments have had terrible consequences and eventually caused the crisis in 2008. It was such a crisis that this crisis also started to be the beginning of a major Financial evolution. Kripto exchange was born. Crypto exchange was an idea of ​​creating a new currency, independent of the inflation, that determines the value of the supply and demand that gold principles prevail. An idea that offers us faster, cheaper and safer operations based on the advantages of technological developments. Since then, much has happened and about a decade later, the crypto exchange has begun to affect the whole world. While legally regarded as a commodity in America, it is called an entity in the European Union. Nowadays, all big banks understand that these types of currencies will affect our money system, and the banks all over the world are engaged in applying and developing the Crypto currency and underlying technology. Blockchain in the banking system. Crypto exchange is very new for many people, but this innovation has begun to be accepted as a new form of digital flattening of money. However, the underlying block technology alone will not change our monetary system. At the same time, it will affect even our movements in the society. Most of the people could not even imagine that the internet could be 30 years ago. Today 40% of the world population is connected to the Internet. In 1995 it was even less than 1% den. What makes the Internet so successful is that the Internet is open to everyone and that information can be transmitted anywhere in the world at the same time. On the other hand, the blocky chain values ​​allow us to send the internet not only the information but also the value to the whole world until our eyes open and close. While the Internet is a communication protocol, Blockchain is the protocol of value exchange. Blockchain technology forms the basis of cryptographic exchange and is now applied in all areas of society. Examples include stock market, sales records, contracting processes and especially financial payments and transactions. We are actually witnessing a revolution. Everyone should be able to take place in this period as soon as possible.

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