In American style, Captain Node protects all transactions.
I wonder if he helps verify them too…
You mean to tell me they had to keep it all on paper?! An unsecure ledger?! These poor guys…
Antique paper, no longer! Blockchains for the future!
Fine Arts & the Art of Technology
In 2009, the effects of the global financial market spawned the fourth industrial revolution: the digital era. Bitcoin, and subsequently blockchain, were born. Bitcoin is the network, while bitcoin (with a lower-case “b”) is the cryptocurrency itself. In today’s world some professional photo agencies have started accepting bitcoin as payment for licenses. However, few realize blockchain technology could one day literally change the entire face of photography.
Blockchain is platform designed to work with a decentralized network. Put simply, blockchain works like a digital, distributed ledger. When a transaction occurs on the blockchain, the information is added to a “block”, or data file. Once a transition is solidified, the block closes and a new one is created, which includes all the data from the previous block, thus creating a permanent chain of data. The blockchain is distributed across the network, as opposed to going through a single point. Their function is to make sure that each transaction is valid after solving complex algorithms, ultimately securing the block. Decentralization makes it nearly impossible to hack a block before it is finalized.
Bad Robin! You should know blockchain can never be centralized!
Find more blockchain memes here!
Regardless of whether you’re human, dog, penguin, dragon, or snake (although, you might have difficult with a keyboard….), blockchain technology is right for everyone!
Need some more laughs? Then explore your technological comedy side with more blockchain memes here.
You’ve Never Heard of Blockchain?!
What?! *gasp!* Blockchain baby is questioning!
Check Out This Hilarious Kip Bitcoin Meme!
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The Financial System & Blockchain Technology: Could It Be the Solution?
Our current financial system serves tons of people every day, and moves multiple-trillions of dollars. While it may be our current system, it doesn’t mean it’s necessarily the best system. Not surprisingly, its wrought with issues. These issues include, but certainly aren’t limited to
- Super-high transaction fees
- Delays in transactions
- Cumbersome paperwork
Energy Sales – Giving Power Back to Consumers With Blockchain
Energy sales are a heavily regulated market, with both local and large companies occupying the space. These big enterprises are in for a real shock: they’ll no longer be able to manipulate energy prices as heavily as they are currently. Of course, this isn’t right around the corner, but it’s coming! What’s going to drastically change the landscape of the energy market, you may ask? Blockchain technology.
Quite literally, it’s bringing a new wave in the energy revolution, in which both utilities and individuals alike play economical roles as producers and consumers of a certain commodity. In this case , the commodity is electricity. Today, electricity is sold through a facilitated dealer. People can buy and sell energy directly to one-another via blockchain, eliminating the need for a middleman entirely. Basically, it makes a peer-to-peer energy trading system a reality.