Today we will talk about blockchain technology, it is said that the blockchain that is there in the whole world is going to bring a lot of change and if it is used at the government level, we can also avoid corruption. Those who are inside are also getting very deliverable, they are also getting positive results to go to detail. In today’s blog   what is cryptocurrency blockchain technology and where we can use it. Welcome to The Future Info and today we are going to talk about what cryptocurrency blockchain technology is if you want to learn how cryptocurrency works. And how to get from this.

What is Cryptocurrency Blockchain Technology

So let’s talk about cryptocurrency blockchain technology, are all things being described in its name that blockchain that many blocks that are there when they meet take the form of a chain. If you go to a shop or a pizza shop, you take the example of how many orders have come inside the pizza shop, how many people have been delivered, how many people came who ate bad food. But if it happens, we tell him that he is becoming a ledger, similarly, if the same ledger is converted over the up-blockchain and taken over the option, we will say that all these things are happening over the blockchain. 

Now having all these things inside the blockchain and what is the use of it that whatever we are doing here will look like a sequence and it should be a setting because it can not be hacked later and it has any data that they can not edit easily. If you make any transaction within a block, then what is within a block of it includes three to four things, first of all, there will be data that you will have all the information about what you have sold where, the second thing that is in it will be hash, a unique ID which is signed to this blog. If this data is included in it, then it has a code number like our ID cards that we have that identity.

When we apply biometrics, we find out that this person is his name, mail, female, what is his religion, all the things that are available to you by putting a fingerprint. Fingerprint just like your hash that is inside the blockchain works as a hash, then the third thing is privacy. The block is its detail, what is its code within the next block, what was the block before the formation of this block and the first block we call it a genus block and what is first created after that the blogs will be formed, which is the unique ID of their previous block. You will be using it further, which makes it easier to track all the transactions again, all these things that are transparent above the blockchain, you can see. The information of the individual is not shared there, if he wants to do it himself without his permission, he can do it, otherwise only private keys and public addresses are visible to you. The name will not be going, but a unique hash address will be asking which wallet address has given so many bitcoins to this wallet address at such a time.

You can learn in more details that after the jeans block is formed, the next block will become, as I mentioned earlier that they will be storing the information of the previous block, then after one block, the second block after the second, the third block after the third block, the fourth block, so each block that is of its previous block will be using the hash to the ID. So those who will connect in so many block-ups, then the word we get together with all of them is of blockchain that the block that is in the ups, what is in the ups is the development of a blockchain technology that they are doing. 

Talking about blockchain, the blockchain was discovered in 1900, work was going on on it, but the first application it had was Bitcoin, which whitepaper it in 2008. And after that many applications that have come up, not just Bitcoin, cryptocurrency is its domain, apart from blockchain cryptocurrency, in many places that we can use blockchain. If you are looking for such an exchange that those on whom you have your locality can buy Bitcoins and also convert them on fiat currency, then binance is a very good platform on which you can buy your Bitcoin and sell it.

 You can trade it, you can trade futures, but to do all these things, you have to learn how to trade, then how can you benefit from it, then I will repeat the same thing again that you go to our website and visit 

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 which we have made cryptocurrency advance course. And if you want to create an account above the Balance, now if you create an account from our link, you can get many benefits such as our whole for the life of the group, where you will also get special updates and ideas to trade if you want to join. That to the Topic.  Blocks when connecting to ups Whenever there is a transaction, the copy of this transaction is given to the whole network after the transaction is done, now this policy which is running the blockchain is not being run by any one person, the network is running, there are 100 off-thousand computers inside the network and completed. They are supposed to verify the transaction first and they can claim the transactions that are being charged, which you know that the proof of work that what is there is proof of all these things and it is told that yes I verified this transaction. If there is a copy of this transaction given inside each computer i.e. a copy of it will be saved inside each computer which cannot be hacked almost later if you have to hack.So all the 1000 computers that are currently running inside the network will have to hack you or convince more than 50 percent of computers that if you have to change any transaction, you will run the transactions and tell those 50 percent computers to click it in this so that my The transaction should be approved because on the side on which the majority will be on the same side, the transaction is approved here, which makes a statement in its favor, then so many computers can not acquire what they have at once, nor can they tell them that a transaction has to be changed.So do it because you have to repeat all those things again and put your new copy inside each computer, so this work becomes very lengthy, it will take 10 minutes to change a block, so if you have to change 200 transactions, millions of transactions are happening, then 200 transactions are happening. If you want to change, then you can see by 10 minutes how many computers will be there that you will change, then how many transactions will be there, which you will change, then your life will end. The system of computers is also running, if supercomputers become, if the time of quantum computing comes, then anything can happen in which very fast things are happening, then we can say something else, but so far it is almost not hackable.

The Impact of Bitcoin on Cryptocurrency and Blockchain Technology

There is bitcoin within the blockchain and bitcoin which is a small application built on the blockchain that abolished the banking system from the middle i.e. direct up transactions can be done peer-to-peer and not as it used to be in Pakistan and you are sitting in america. If you want to send money, then you will send PKR from Pakistan, the banks who are there will convert and whatever is ahead, they will transfer them and keep their fees, then Bitcoin had simplified the same problem that you can do direct transactions and there will be no third party involved in it and can do it within a very minor fee. Even though banks that do a lot of torches, it was its main prop, after that many more applications have come, such as Ethereum Aya to Ethereum, the smart contract that is discovered within the smart contracts discovered.

Just as your traditional contracts are going on, you can also create a different application by generating your contract there or you can work whatever is different, if you have to sign a contract with a person, you do not understand the traditional score so much, then do it on top of the blockchain. And if you are running it and your entire network is looking at the copies of it, then it will be more secure, no one will be able to gossip inside it because it is not cable and it is not editable. Blockchain can be used in almost every place where there is data Data refers to your mobile number if you have or you have to write your name or you have not made any date of birth.

Talking about the main leader, it can be used within the voting system, which will eliminate corruption, there will be no rigging and the transparent which is your voting system can be used inside the medical field. What it is was the disease and how it was cured.

All its data will be stored inside the blockchain and no one will be able to change it incorrectly inside schooling who can use it, we can use it within the blockchain to start degrees to announce the results to make marksheets, so there are many more such fields. Those within which you can use your data can be more secure by taking it there and with great ease, which can also be operated later, if you talk about blockchain futures, then blockchain futures are running very bright at the moment.

 Blockchain futures are running very bright at the moment because almost every year we get to see new development in it, we get to see a new trend like talk of previewers We looked at decentralized finance we looked at NAPs. The work that is going on to adapt it within the people, we have to accept what is the blog chain and we have to take the blockchain within our system so that we can also benefit from it and things can be more easy. How it is going to change the whole world, how people can benefit from what they are and how what is happening at the government level is corruption that no one can track, it is very difficult to implement all the things with blockchain, then many things are easy.

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