create account

What I like most about blockchains by dtwo

View this thread on: hive.blogpeakd.comecency.com
· @dtwo · (edited)
$0.31
What I like most about blockchains
![blockchain-3277336_1280.png](https://cdn.steemitimages.com/DQmfAi3uJ9hwpNtZj2KLT6fjbZWJChJbE39qd8GFZ1ECrS9/blockchain-3277336_1280.png)<center> <sub>Image source: <a href= https://pixabay.com/en/blockchain-cryptocurrency-network-3277336> Pixabay, Creative Commons.</a></sub></center><hr><hr>

<div class="text-justify">

Ever since Satoshi Nakamoto invented Bitcoin in 2009, the new blockchain technology has been growing from local to mainstream with a wide range of use-cases. However, despite the increasing growth of blockchain technology, some people still don't have full trust in its existence. This will lead me to discuss what I like most about blockchain. What I like most about blockchain are the stated below:

1. **Disintermediation**: One of the major features of blockchain is that it is decentralized and trustless. This means that you do not need a large central server for your data to be saved. Due to this, there can be successful transfer or sharing of data without the need for any intermediary to validate or authorize it.

2. **Low Cost of Transactions**: Since no intermediaries are required in the sharing of data, the overhead costs for the exchange of assets are removed. Thus, there is high potential that the cost of transactions will be greatly reduced by blockchain.

3. **Transparency**: Another reason I like blockchain is because: As a developer, I can successfully track, fathom, audit and put up suggestions in the improvements of this blockchains.

4. **Security**: Even though blockchain is still facing some security crisis, It is still a new technology which possesses a high level of security in transactions carried out on blockchain technology compared to other traditional methods. 

5. **Anonymization**: I also like blockchain simply because all of my identities, credentials and assets   have a very low probability of getting deanonymized by third parties or hackers.

6. **Faster Speed of Transactions**: Transactions done on the blockchain network are much more faster than bank transaction ( such as wire transfers) which usually take several days to go through

7. **Store of Value**: Another reason I like blockchain is because it can serve as an efficient and effective way to store value since it possess some good numbers of gold features.</div>

*What do you like most about blockchains. Gice your answers in the comment section below and let us discuss.*
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 58 others
properties (23)
authordtwo
permlinkwhat-i-like-most-about-blockchains
categoryesteem
json_metadata{"tags":["esteem","blockchain","contest","cryptocurrency","stach"],"image":["https://cdn.steemitimages.com/DQmfAi3uJ9hwpNtZj2KLT6fjbZWJChJbE39qd8GFZ1ECrS9/blockchain-3277336_1280.png"],"links":["https://pixabay.com/en/blockchain-cryptocurrency-network-3277336"],"app":"steemit/0.1","format":"markdown"}
created2018-12-04 07:21:39
last_update2018-12-04 07:23:42
depth0
children1
last_payout2018-12-11 07:21:39
cashout_time1969-12-31 23:59:59
total_payout_value0.237 HBD
curator_payout_value0.068 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,415
author_reputation2,113,121,379,255
root_title"What I like most about blockchains"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id76,331,563
net_rshares510,561,533,264
author_curate_reward""
vote details (122)
@stach ·
Your post has been featured on the Stach Post Review Article and you have received a complementary upvote. 
Thanks for using the Stach Tag. 
Keep Being Creative!.

Courtesy - Stach Curation team
properties (22)
authorstach
permlinkre-dtwo-what-i-like-most-about-blockchains-20181205t062706276z
categoryesteem
json_metadata{"tags":["esteem"],"app":"steemit/0.1"}
created2018-12-05 06:27:09
last_update2018-12-05 06:27:09
depth1
children0
last_payout2018-12-12 06:27:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length194
author_reputation103,247,186,384,196
root_title"What I like most about blockchains"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id76,383,558
net_rshares0