We’re talking about billions of pieces of data processed per second. That power has amazed the world,
but it has also frightened it.
It was in this climate of expectation and mistrust that bitcoin emerged, an “encrypted currency”
that is considered the evolution of the transfer of values. But we have an analogous mistrust of
everything new and that is where blockchain comes in saying: I am the guarantee!
Today we will talk about the algorithm that works with cryptography, which is what makes bitcoin
work and is already beginning to be used in digital marketing . Keep reading because today you will
know the secrets of blockchain !
Reliable e-cash
Trustworthy is the main word for an anonymous usa telegram data startup whose business model is
to create a digital currency, without borders, without intermediaries and without an owner.
Something that is only possible thanks to the Internet.
As Nobel Prize winner in economics Milton Friedman said in 1996, referring to the then-new Internet: “the only thing they forgot, but will soon develop, was reliable “e-cash,” a method through which, with no other intermediaries than the Internet, A can transfer money to B without A necessarily knowing B or B knowing A. ”
What is blockchain?
It is a cryptographic algorithm that guarantees how to increase conversion with a/b testing: practical tips the security and reliability of the facts it records. It is a log of movements in which once data is
entered it cannot be altered.
These blocks are created every 10 minutes and accessible, in real time, to all bitcoin owners.
What is it for?
To carry out data transfers through digital phone number vietnam means, without the need for third
parties as witnesses or guarantors and in an extremely secure manner.
This method of reliable, unalterable registration that can be verified at any time is what makes the
Bitcoin algorithm suitable for use in other areas, from contracts to presidential elections.
How does it work?
The concept behind this idea is that of distributed consensus and works in a network in the 2P2
system, which means that all participating computers have the same value and receive the same
information at the same time. The information is received in blocks that are added every ten minutes.
The nodes
Nodes are all the connection points of a network, in this case they are the computers and the internet servers.
The miners
Mining is the process of creating blocks of data and earning the right to register them. During this
period, and at the super speed of algorithms, large companies collect information on transactions
carried out using mega data processors.
After ten minutes, a kind of bidding process begins between companies in which the right to register
the block is awarded to the company that manages to decipher a mathematical enigma. This is a
phase of a process called proof of work.
The creator of enigmas
It sounds like a profession that a child would like to be when he grows up, but believe me, there is an
algorithm that works with it. That algorithm has to create a puzzle every ten minutes. The answer to
that puzzle is called a hash and it is the code for an interface between one block and another.
In this way, the company that wins the right to register the information in that block does not know
the access code to the previous block, thus causing an irreversible flow of information; it can only go
to the next block, never to the previous one. Before registering the block, the algorithm verifies the
veracity of the information in all the nodes of the network.
I know, but don’t tell me that until now it hasn’t seemed so safe and you’re under the impression that
someone can hack it! The best is yet to come…
More is more
Get ready because now comes the part where smoke will come out of your head, because blockchain is
a startup concept put at the service of a business model .
When A transfers a value to B, that transaction is consensually validated, that is, it is only recorded if
all the nodes in the network recognize it as correct and this update, when replicated at the same time
on all computers, makes it incorruptible.
If someone wanted to alter the list, they would have to alter all the copies at the same time. In other
words, the big secret is that the bigger the network, the more secure it becomes .
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Marketing and blockchain
You can already imagine how this will affect marketing.
Contracts : we will not need more witnesses or intermediaries to carry out contracts since these will be registered and cannot be changed.
Monetization: not to mention all the online buying and selling options. Today, 1 bit coin is worth approximately USD 5,500, but in the near future, encrypted currencies will be part of navigation, we will be able to monetize on landing pages and every time we click on a link.
Identity: The idea of virtual identity to reduce anonymous attacks is already circulating. With the blockchain system, it is possible to create a record of surfers and their actions, and at the same time, any user will be able, if necessary, to unequivocally prove what their movements were while surfing.