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[Nocturnal Writer]

In my course of reacting to some comments, I come across with this business term, Blockchain Technology. It has something to do with future transactions using bitcoins. Anyone who's familiar with this?

 

[skygod]

Yes, it's what underpins cryptocurrency. To extremely simplify, a digital record of all transactions that is constantly updated and synced with each transaction. It's almost impossible to corrupt or hack it because of this, which makes it superior to fiat currency and traditional methods of transaction.

 

[Medowriter]

It technology behind the exchange of cryptocurrency especially bitcoin and ethereum across different wallet on the internet. It has it wallet called blockchain wallet and it is very secure and reliable.

 

[borke]

The block chain is an important part of the bitcoin concept. It ensures that bitcoin transactions can not be changed anymore.
Every 10 minutes a block is created. It contains bitcoin transactions (spends from source addresses to traget addresses). Every block also contains a hash over the preceeding block.
If you try to change one block in the middle of the chain, you would need to correct all the concecutive blocks. The effort to correct one block is the same as to be the winner of mining a block.

 

[reighn]

I have an account in blockchain, but no btc yet. I don't know how it works, but some say, I need that wallet if ever I collected some bitcoin. I watch some videos how blockchain works, and really amazing how the blockchain technology works.

 

[overcast]

I think this is a revolutionary new algorithm. and hopeuflly it can be used for some right purpose. like say for folding at home type. it can be used for solving a lot of math questions too. i heard some of the coins are into that type of the systems. and it'd be beneficial for many to make use of such technology. i am thinking about making use of the blockchain and hoping that it works out as well. it seems to be good enough options.

 

[KarthikP]

Blockchain technology is just an another way of sending/receiving/storing money in online wallets other than perfectmoney,Payeer. We can store cryptocurrencies in our wallets that work on the basis of blockchain technology like Bitcoin, ethereum. It's just an alternative form of money and very easy to use with fast transactions.

 

[Peter Carlos]

You can watch this video and see for yourself that the technology of dealing and converting securities to Bitcoin currently exists in some countries

That was quite a helpful video, thank you for sharing.

 

[KarthikP]

I am interested more in blockchain technology and looking for good jobs that are high paying related to blockchain technology in India ? Anyone knows?

 

[KarthikP]

Not sure. The only job I know is those jobs offered on freelancing sites such as Social Media Marketing of a certain blockchain project but I think we can't consider it high paying but its something that could help with the daily expenses.

I mean does the blockchain knowledge involve anywhere in software companies like Google or Microsoft or such companies ? I have heard someone telling about blockchain in software field .