CHRISTMAS ALL YEAR LONG

 PRAYING WE CAN LIVE

CHRISTMAS 

ALL YEAR LONG



SABBATH BLESSINGS,

DEAR FRIENDS!

2 comments

  1. I'd sure like that, too, Lulu. Hope you had a great Christmas!

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  2. This means that if you wanted to, you could track Bitcoin wherever it goes. Such a record could be a list of transactions , but it also is possible for a blockchain to hold a variety of other information like legal contracts, state identifications, or a company’s product inventory. Decentralized blockchains are immutable, which means that the data entered is irreversible. For Bitcoin, this means that transactions are permanently recorded and viewable to anyone. Learn how customers are using Oracle Blockchain Platform to transform their business processes, enabling secure collaboration based on trusted data. Take advantage of an intuitive operations UI, a rich set of DevOps APIs, managed zero-downtime patching and upgrades, and dynamic scale-out for growing workloads.

    Whereas financial institutions operate during business hours, usually five days a week, blockchain is working 24 hours a day, seven days a week, and 365 days a year. Transactions can be completed in as little as 10 minutes and can be considered secure after just a few hours. This is particularly useful for cross-border trades, which usually take much longer because of time zone issues and the fact that all parties must confirm payment processing. This process is not just costly and time-consuming—it is also prone to human error, where each inaccuracy makes tracking property ownership less efficient. Blockchain has the potential to eliminate the need for scanning documents and tracking down physical files in a local recording office.

    Trying to grow blockchain networks to global capacity, in turn, is the root cause of speed inefficiencies. It’s why, as we saw, Bitcoin and Ethereum can only process a maximum of seven and 30 transactions, respectively, compared to Visa’s 24,000. Its blockchain is a database of all bitcoin transactions and tracks their ownership. Ethereum is more than a payment system and allows smart contracts and apps to be built on it, making it a more sophisticated blockchain.

    Hurdles remain, especially with the transaction limits and energy costs, but for investors who see the potential of the technology, blockchain-based investments may be a bet worth taking. “If the owner of a digital asset loses the private cryptographic key that gives them access to their asset, currently there is no way to recover it—the asset is gone permanently,” says Gray. Because the system is decentralized, you can’t call a central authority, like your bank, to ask to regain access. However, blockchain could also be used to process the ownership of real-life assets, like the deed to real estate and vehicles. https://www.reviewengin.com/how-will-blockchain-change-the-world-2022/

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Your comments keep my writing and often cause me to think. A written form of a hug or a pat on the back and an occasional slap into reality---I treasure them all!