What is Blockchain?

Share ideas, strategies, and trends in the crypto database.
Post Reply
chameli
Posts: 51
Joined: Thu Dec 26, 2024 10:49 am

What is Blockchain?

Post by chameli »

In the era of Big Data and data massification, is there a data protection solution? Since 2008, blockchain has been trying to keep a promise: that of trust without intermediaries. It has become and remains an alternative to the problems associated with Big Data. The issue of data security is the nerve center of this data massification. Blockchain 2.0, created in 2014, could help reduce skepticism about Big Data. This raises a question for us. Will the future solution for data processing be through blockchain?Blockchain France defines this concept as follows. Blockchain is a technology for storing and transmitting information, transparent, secure and operating without a central control body. Its main objective is to restore confidence in the transmission of data and commercial exchanges. oman whatsapp data


It was created in 2008 following the Subprime crisis . This crisis saw a distrust of traditional financial institutions. Indeed, this crisis led to a massive rejection of these institutions that made bad investments and created an unprecedented financial bubble.

The blockchain aims to eliminate intermediaries between two financial exchanges. In addition, its mode of operation means that all actions leave indelible traces. It should be added that the blockchain ensures what we own and simplifies financial transactions. However, this model does not work with "classic" money but with virtual currency or Tokens.

The blockchain has therefore generated different virtual currencies including the famous Bitcoin. These virtual currencies from the blockchain (see table below) also have the same objective. That of replacing the trusted third party lost in past transactions.
Post Reply