ย 
  • entailholdings

๐˜ž๐˜ฉ๐˜ข๐˜ต ๐˜ช๐˜ด ๐˜ฃ๐˜ญ๐˜ฐ๐˜ค๐˜ฌ๐˜ค๐˜ฉ๐˜ข๐˜ช๐˜ฏ?

Imagine about the old savings passbook, I would need to bring it to the bank teller to update it, even with the auto-mated teller machine, I have to bring my passbook to the auto-mated teller machine to update it, I recalled there were times where the updating of my parents passbook have an error, and they have to visit the branch teller to check and ensure that the records are correct, it was a tedious process and it take a lot of time and resources.



๐˜๐˜ฐ๐˜ธ ๐˜ธ๐˜ฐ๐˜ถ๐˜ญ๐˜ฅ ๐˜บ๐˜ฐ๐˜ถ ๐˜ญ๐˜ช๐˜ฌ๐˜ฆ ๐˜ข ๐˜ด๐˜ฐ๐˜ง๐˜ต๐˜ธ๐˜ข๐˜ณ๐˜ฆ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ด๐˜ฐ๐˜ญ๐˜ท๐˜ฆ๐˜ด ๐˜ต๐˜ฉ๐˜ฆ ๐˜ข๐˜ฃ๐˜ฐ๐˜ท๐˜ฆ? ๐˜ˆ๐˜ฏ๐˜ฅ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜บ๐˜ฐ๐˜ถ ๐˜ฌ๐˜ฏ๐˜ฐ๐˜ธ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ข๐˜ญ๐˜ญ ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ด๐˜ข๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ด ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฅ๐˜ข๐˜ต๐˜ข ๐˜ข๐˜ณ๐˜ฆ ๐˜ด๐˜ต๐˜ฐ๐˜ณ๐˜ฆ๐˜ฅ ๐˜ด๐˜ข๐˜ง๐˜ฆ๐˜ต๐˜บ, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฏ๐˜ฐ ๐˜ฐ๐˜ฏ๐˜ฆ ๐˜ค๐˜ข๐˜ฏ ๐˜ข๐˜ฎ๐˜ฆ๐˜ฏ๐˜ฅ ๐˜ช๐˜ต?

On October 18, 2019. The first blockchain application was started by Satoshi Nakamoto on January 3, 2009 with the creation of the first block of the chain. While we do not know the actual identity of Nakamoto, we do know the blockchain application known as Bitcoin. Bitcoin is credited with being the very first blockchain.

So, bitcoin is a digital phenomenon software and a type of cryptocurrency. To ensure that is legit and working well, someone or a group of people named Satoshi Nakamoto started with encouraging people to come to mine for it, these group of miners come and mine and each successful mined bitcoin form a block and the next successful mined formed another block, which is chained to the previous block, using a algorithm that is unhackable and unbreakable.

In summary, a blockchain is shared digital record of transactions that can help reduce fraud because it increases the visibility and transparency of the transactions made throughout a supply chain and between members of a business network. Participants can see the history and transfer of assets, so fraudulent transactions are easier to identify.


Blockchains are used for recording transactions made with cryptocurrencies, such as Bitcoin, and have many other applications.


The practical applications of blockchain in the financial services industry could include onboarding, recordkeeping, client screening, data management, security, privacy and transaction and trade processing. The insurance industry is also subject to costly mistakes, scams, and ingenuine claims.

30 prominent blockchain applications to know. โ€ข Secure sharing of medical data โ€ข Non-fungible token marketplaces โ€ข Music royalties tracking โ€ข Cross-border payments โ€ข Real-time IoT operating systems โ€ข Personal identity security โ€ข Anti-money laundering tracking system โ€ข Supply chain and logistics monitoring โ€ข Voting mechanism โ€ข Advertising insights โ€ข Original content creation โ€ข Cryptocurrency exchange โ€ข Real estate processing platform


๐‘จ๐’“๐’† ๐’•๐’‰๐’†๐’“๐’† ๐’‚๐’๐’š ๐’…๐’Š๐’”๐’‚๐’…๐’—๐’‚๐’๐’•๐’‚๐’ˆ๐’† ๐’๐’‡ ๐’ƒ๐’๐’๐’„๐’Œ๐’„๐’‰๐’‚๐’Š๐’? The main advantages of the Blockchain technology are decentralized network, transparency, trusty chain, unalterable and indestructible technology. In turn, the main disadvantages of the Blockchain are the high energy dependence, the difficult process of integration and the implementation's high costs.

A paper from 2018 from the Oak Ridge Institute in Ohio found that one dollar's worth of bitcoin took 17 megajoules of energy, more than double the amount of energy it took to mine one dollar's worth of copper, gold and platinum. To put it in perspective, a megawatt of capacity will produce electricity that equates to about the same amount of electricity consumed by 400 to 900 homes in a year. Which means the energy of $1 worth of bitcoin in 2018 can power up 6,800 โ€“ 15,300 homes.


๐‘ฏ๐’๐’˜ ๐’…๐’ ๐’˜๐’† ๐’Œ๐’๐’๐’˜ ๐’•๐’‰๐’† ๐’•๐’“๐’–๐’”๐’•๐’†๐’… ๐’”๐’๐’–๐’“๐’„๐’†๐’” ๐’๐’‡ ๐’ƒ๐’๐’๐’„๐’Œ๐’„๐’‰๐’‚๐’Š๐’ ๐’‚๐’๐’… ๐’„๐’“๐’š๐’‘๐’•๐’๐’„๐’–๐’“๐’“๐’†๐’๐’„๐’š? Bitcoin is a published open-sourced code, which means it is publicly available. The cryptocurrencies in the market that openly published their code, their usage and who are they working with, will be one of the criteria to look out and consider for if you want to invest in them. There are more than 6,700 different cryptocurrencies as I write and 35% of them failed due to no open-sourced code, no usage, scam, or whatever reasons.


What do you think are some of the other usage of blockchain? Are there any limitations on blockchain and bitcoins? Do you feel that bitcoin will be here to stay? My name is Mike Sim from Singapore, a tropical island in the Southeast Asia that is 728.3 kmยฒ. Feel free to comment below.


๐˜‹๐˜ช๐˜ด๐˜ค๐˜ญ๐˜ข๐˜ช๐˜ฎ๐˜ฆ๐˜ณ: ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ฎ๐˜ข๐˜ต๐˜ฆ๐˜ณ๐˜ช๐˜ข๐˜ญ ๐˜ด๐˜ฉ๐˜ข๐˜ญ๐˜ญ ๐˜ฏ๐˜ฐ๐˜ต ๐˜ฃ๐˜ฆ ๐˜ค๐˜ฐ๐˜ฏ๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ฆ๐˜ฅ ๐˜ข๐˜ด ๐˜ข๐˜ฏ ๐˜ฐ๐˜ง๐˜ง๐˜ฆ๐˜ณ, ๐˜ณ๐˜ฆ๐˜ค๐˜ฐ๐˜ฎ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ฅ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฐ๐˜ณ ๐˜ด๐˜ฐ๐˜ญ๐˜ช๐˜ค๐˜ช๐˜ต๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ต๐˜ฐ ๐˜ค๐˜ฐ๐˜ฏ๐˜ค๐˜ญ๐˜ถ๐˜ฅ๐˜ฆ ๐˜ข ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ด๐˜ข๐˜ค๐˜ต๐˜ช๐˜ฐ๐˜ฏ. ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ช๐˜ด ๐˜ฑ๐˜ถ๐˜ณ๐˜ฆ๐˜ญ๐˜บ ๐˜ด๐˜ฉ๐˜ข๐˜ณ๐˜ช๐˜ฏ๐˜จ ๐˜ฐ๐˜ง ๐˜ง๐˜ณ๐˜ฆ๐˜ฆ ๐˜ช๐˜ฏ๐˜ง๐˜ฐ๐˜ณ๐˜ฎ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ช๐˜ด ๐˜ข๐˜ท๐˜ข๐˜ช๐˜ญ๐˜ข๐˜ฃ๐˜ญ๐˜ฆ ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ธ๐˜ฆ๐˜ฃ๐˜ด๐˜ช๐˜ต๐˜ฆ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ค๐˜ฐ๐˜ฏ๐˜ด๐˜ฐ๐˜ญ๐˜ช๐˜ฅ๐˜ข๐˜ต๐˜ฆ ๐˜ง๐˜ฐ๐˜ณ ๐˜ฆ๐˜ฅ๐˜ถ๐˜ค๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ช๐˜ฏ๐˜ง๐˜ฐ๐˜ณ๐˜ฎ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฑ๐˜ถ๐˜ณ๐˜ฑ๐˜ฐ๐˜ด๐˜ฆ๐˜ด.

ย