Blockchain

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• Blockchain
• Published By
• crowdpoint.exchange

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• You might have heard about the latest buzz in the
  world of online investment markets, and you may
  be wondering what Blockchain is. This term is
  used all over the place, so you may not want to
  take it at face value. The basics are that there
  is a new virtual currency that is used
  everywhere. This virtual currency is called
  Blockchains. The reason that this terminology is
  being used is because of the fact that there is
  an increasing number of people who are becoming
  interested in learning more about how this new
  technology works. Do you want to learn more?
  Visit Blockchain
• The primary benefit that you will find in
  learning about Blockchains is that it makes
  possible the safe transfer of value throughout
  the supply chain. There are three main aspects to
  the use of Blockchains, including the use of
  smart contracts to perform certain transactions
  on the network, along with the peer-to-peer
  nature of ledger transactions. In order for the
  benefits of using the technology to be maximized,
  you must understand how they affect the different
  aspects of the supply chain. This is what will
  enable you to determine whether or not you wish
  to become involved in the use of Blockchains.

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• With regards to the aspect of smart contract
  automation, you will find that there are two
  different ways in which this automation can
  occur. There are Blockchains that run the entire
  network, and then there are those that are semi-
  autonomies. A good example of the semi-automated
  system would be the real estate industry. Real
  estate transactions are typically chained
  together, and there are certain parts of the
  chain that run in a series that cannot be
  automated. Have a look at Nexgen to get more info
  on this.
• When you think about partially-automating these
  chain transactions, you can consider how you
  could use a Blockchain to ensure that only one
  party controls the ledger file. These
  transactions can take the form of an encrypted
  transaction, a proof-of-work transaction, or even
  a Hash transaction. With a Hash transaction,
  there is no need to spend time deciphering the
  meaning of encrypted codes. With a proof-of-work
  transaction, the creator of the work must sign
  off on it and then only that specific work can be
  used to create a new key. With a semi-automated
  system, however, once you initiate a transaction
  you have the ability to determine who has access
  to the ledger and therefore, the transaction
  costs are lower.

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• When you combine Blockchains with proof-of-work,
  there is an increased opportunity for the creator
  of the work to mint new keys for themselves. With
  Proof-of-work, if you successfully complete the
  transaction the cost of that particular work is
  deducted from your balance. This is how a
  Blockchain system could become very valuable to a
  business. However, when an entity mints keys for
  themselves, you have to take steps to verify who
  owns these keys. This is the problem with a
  semi-automatic system, because once the creator
  begins creating new keys, you as the layperson
  are left wondering as to who created the new
  keys.
• With a semi-automatic system, if someone creates
  a fraudulent key you still have the ability to
  halt their transaction. With a Blockchain system,
  however, if you encounter a fraudulent key, you
  would need to go through the steps necessary to
  prove that this key does not exist in the
  Blockchain. For instance, if the creator of the
  work signs the document with their private key,
  you may be able to use your public key to access
  the ledger and prove that this signature does not
  exist in the Blockchain. This method would work
  well for a business where the creator did not
  want their real identities known. But in order to
  secure your transactions with the Blockchain, you
  would need to have a way of knowing who created
  the digital information in the first place! If
  you wish to learn more about this, visit eCommerce

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• Summary
• There is a cool animated Presentation on
  CrowdPoint's Exchange About page. It explains the
  use of AI with Big Data and Compaction and
  reforming the current NFT model merging it with
  ecommerce.
• CrowdPoint's NFT Presentation within a Blockchain
  Ecosystem is pretty easy to understand and its
  tie-in with ecommerce is nexgen - they call it
  bestgen. 
• Visit this site to learn more at
• https//crowdpoint.exchange