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Blockchain Technology – Open Source Money

Blockchains are simply distributed transaction processing engines. The blockchains technology allows data to be stored in a variety of different places while tracking the relationship between different parties to that data. Most people trying to explain blockchains like to compare them to a ledger.

Anytime someone makes a transaction, such as a currency changing hands or a new device being added to a network, it is recorded in the chain and anyone can track what has happened. This is what blockchain technology is all about. This is why law enforcement is so keen on Bitcoin. If you want to know more about blockchain technology, you can hop over to this site https://www.syyx.io/.

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What if we lived in a world where global access to money was available to everyone? Money can zoom around the globe at the speed of digital peer-to-peer decentralized and cooperative processes – no top-down banking system is needed. Trust relationships happen automatically via digitally signed, permission-less transactions, destroying the inevitability of poverty.

Would this represent a giant step for humanity? This is the utopian dream of tech developers. The next generation of computer networking gears up to surround the world for the greater good. Welcome to the intended blockchain (financial) transformation of the world.