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Here is some Blockchain Education and information. Everyone needs to know this.  This information should actively increase the way your outlook  on how financial systems work all over the World. We have some very useful information here. And,because of that, we would like to help others get up to speed with these new developments.  But, do not worry, just the basic understanding will do. The details are for those who would like to know more. Blockchain happens to be something that is Not corruptible. It is a digital  record or ledger of economic transactions. These are programmable and can  record not just financial happenings, but virtually anything that has value.

WAIT –  Blockchain Details Broken Down Simply:

• The Blockchain looks similar to a very big, Worldwide, decentralized (meaning no one system has a “Central” authority) spreadsheet.
• It keeps track of who sends how many transaction sets go to whom.
•  Can track the balance of each account. These are based on Coins/Cryptocurrency.
•  Miners are the thousands of people who keep and maintain the many transactions from everywhere. These are the people who have very special high powered and uniquely configured computers.
• The blocks that are within the blockchain are a product of all the  transactions that people send and receive. These are systemized through and received by the blockchain. For example: a wallet such as: Exodus,  Geth, MyEtherWallet, MetaMask, , Mist,  Parity, and many others.                                                                                                                 Crypto account Balances can be seen online at Ominex.com. Or, simply look in your Blockchain Wallet. Digital transactions can also be seen by various other sources. These include  services like etherscan.iO, blockchain.info, etc.,  When You see data on the blockchain, it is not in any ones personal system.

More blockchain education and Benefits;

Blockchain is a much decentralized system. It  holds everyone to a higher degree of accountability. This results in:

• No more missed or corrupted transactions.
• An end to human and machine errors.  No more corrupt or broken databases.
•  Stopping the transactions or exchanges that were made in error. These are often made without the consent of the parties involved.
• The blockchain guarantees that  transactions are valid. This is done by simply recording them. This is done on a Main Register and also on others. Theses are then connected and distributed by a network of registers.  All of these are interconnected,  using a secure validation method.

Blockchain technology is referred to as  another  version of  The Internet 3.0.  This Includes The Evolution of the Internet – which means better safety as well as truth.

The blockchain is a wonderful invention. It is the work of a people or a group of people who we know by the pseudonym,  Satoshi Nakamoto. This has evolved into something much bigger. And, this the definitely the main question that everyone is asking;But, we are also here to help explain the question:  Just exactly what is Blockchain? Details as to what blockchain is are made more clear here.  All of the digital information contained within the blockchain can be distributed but NOT copied. This creates an endless assortment of constantly updated and accessible databases.  Hence, blockchain technology has become  the very center of a new type of internet.  This is the just the begining of the Internet. It can and will evolve to the betterment of the global Community.  It was originally platformed for digital currencies. This included Bitcoin. The new tech community has found  MANY new uses for this technology as well. Everything we have seen happen with our lowly Internet has changed commerce as we know it. This, as well as how we communicate. That is the brand new and ever evolving system we know as blockchain. Due to the recent proofing of Bitcoin, as the beginning of the blockchain, Bitcoin can essentially be considered as “digital gold.”  Probably a great name for it in today’s world! It has proven its’ worth. Today, the total value of this digital currency is close to $350 billion US.   And, it really doesn’t stop there.  Blockchains holds many other types of digital value as well.

Blockchain details need not be fully used or understood by us to be useful to us:

This happens to be much like our internet before there was blockchain, computers, smartphones or a  computer controlled car. You don’t need to know exactly how the blockchain works for it to be useful to you. However, having just the basics of this new technology will help you to understand why it is considered so new and extraordinary.

A distributed database – the blockchain details:

In very simple terms, this is a spreadsheet that is shared among a vast computer network. Then, visualize a transaction taking place. All this takes place over a secure and overseen network of computers.  Any update is then processed. This network then will regularly update to the spreadsheet.   Once you have an idea of that concept, you will have a basic description of just how blockchain functions.  The benefits of this process and functions include:

•  The Information that is held on a blockchain is shared and continually approved as well as reconciled.
• A database for blockchain  isn’t stored at any one single location. This means the records  are truly public and very easily verifiable.
• There is no central location that holds this information. Thus, there is no way  for a hacker to corrupt it.                                                                     It’s Host is a million computers operating at the same time. Its data can then be seen by anyone using the internet.
• Ultimate Security as well as Transparency equals the Truth.

Blockchain: Durability and Robustness

Blockchain technology closely models that of the internet. Therefore, it has a built-in type of robustness to it. Because it sees blocks of  identical information that cross its network; the blockchain cannot:

1. Be controlled by any  one single entity.
2. Has no single failure point.
3. Be corrupted or embezzled.

Blockchain: the history:

Bitcoin came onto the scene in 2008.  The Bitcoin blockchain has operated since its beginning without any significant hiccups. Many of the problems associated with Bitcoin were found due to hacking or mismanagement. These problems stemmed from bad intentions along with human error. These were not flaws in the very concepts. The internet has a track record of being around for well over  40 years.  Therefore, it’s track record has helped the blockchain technology. This continues to be developed. It  has many uses and provides many solutions for our ever growing Global Community.

Blockchain : Transparent as well as Incorruptible

The blockchain network is always in a state of constant monitoring. Because this is always a  constant, It checks with itself every ten minutes.  This is a self-auditing ecosystem that holds digital value. This network can check every transaction within a ten-minute interval. Each group that these belong to are referred to as a “block”.  Because of this result, there are many important properties that have been a byproduct of the blockchain:

1. Transparency: data is  thus put into the network as a whole, thus  making it public.
2. It cannot be corrupted. To alter any of this blockchain information  would mean  having access for the use of a huge amount of computing power. This would have to be used to override an entire network. This should be virtually impossible and has become a much larger and constant  barrier.*

*In theory, this could be possible. In practice, it’s highly unlikely . Hence, to take control of the entire system to say, capture Bitcoins,  would also  effectively  destroy their intrisnic value.

Blockchain: A network of nodes

A network of computers make up the “nodes” to the blockchain.

Because this creates its’ own second-level network, it has now become a different vision of how transaction take place and how the internet  functions.

Nodes: their role in the first blockchain. For example: Bitcoin.

Every node thus acts as the “ Boss” of the blockchain. Thus, they all belong to this non centric network on a  voluntary basis. Each node has a very good incentive for helping  the network. This incentive  being the very chance of winning Bitcoins. By Proving their work,  they  create a “minted” blockchain of this stored information. Thus, they are rewarded by a specific amount of bitcoins for their now completed block in the blockchain. The internet  foremost task was to share “emails” and information. This has grown into massive commerce with new  jobs, and has now revolutionized the industry.  The result became known as  blockchain. It is happening again. Evolution has thus evolved into a new level of technology. This is based on non centralized locations and transactions that contain “truth”. There are ever growing Bitcoin-like cryptocurrencies.  These are many and varied value tokens that are already available in todays Marketplace. There is also a full range of other tokens, a spinoff of the original blockchain concept. Most of these have become active or are already being  developed. Because, in the Market Place, there are no barriers. The use of and the solutions for these will soon be a part of our everyday lives.

Blockchain Education: decentralization

The blockchain is a decentralized technology.  It was originally created this way. The functions of this occurs with anything that happens in the blockchain. This then becomes is a function of  the network as a whole.  Some of these very important items can now be mentioned:

• Because they now create new ways that can verify a transaction, The many ways of of doing  business may soon become unnecessary.
• Token trading happens almost immediately on the blockchain.   Global  trades are operating at all times with no market openings or closings.  These have had Worldwide implications.
• Vital record keeping is now fully public.
• The global network of computers uses blockchain technology. Thus, they have become joint managers of the database. The database keeps track of  all the transactions as they are made. This keeps the information up-to-date and  continually available.

The blockchain thus can manage its  very own network. This creates the purpose of not having any one central authority.  “Decentralization” thus accounts for the network to operate on a person-to- person basis. Therefore, this, in turn, creates the “truth” for all forms of this partnership. This, in turn,  makes many other things very possible.

 Who will use the blockchain?

You don’t  need to know a thing about the blockchain for you to use it.  Like our computers, they are able to enhance things around us  without our knowledge just because of how they choose to function. Currently, the world of Finance has the largest use for this technology. International remittances, for instance. As a positive result, the World Bank estimates that well over $430 billion US in money transfers were sent in  just the year 2015. Ther is an ever developing and growing Job Market in the Field of Blockchain Evolution. At this very moment that demand is high.  This demand probably not going to slow down any time soon as well. Therefore, the outlook for development in the blockchain field will soon become very important  in our everyday lives. What the blockchain actually does is cut out the middleman in the transaction.  Hence, the reason for generating and being a part of our new monetary gains systems. Access to the blockchain and cryptocurrency world have been  more available to the general public with the invention of  the “wallet” applications. These were first used to buy things within the Crypto world with Bitcoin. Thus it’s use  enhanced their ability to store as well as access Bitcoin and other cryptocurrencies. We highly recommend your use of OMINEX for any of your blockchain wallet or other ICO  resources. There have been many things thus created created by the blockchain. These have all helped to create the huge need for identification, compliance, and identification.  OMINEX has become the leader in blockchain compliant solutions and a great user “wallet” for your cryptocurrencies.

 Enhanced security in Blockchain Education

Blockchain is then , indeed revolutionary in that it offers Security, proper validation and “Truth.” This process has become a  necessity for all our global financial solutions. By storing its’ data in this type of  network, the blockchain can thus eliminate much of the risks that we take while using our  centrally stored and accessed files. Especially relevant to today’s World, The blockchain lacks those many centralized points that add much vulnerability for computer hackers to exploit. Today’s version of the Internet has many security problems. The  Blockchain Education helps us to find  solutions for these. We rely on the “username/password” system. These help us protect our identies as well as our many  assets in the online World. Blockchain security methods use mostly encryption technology.  Therefore Internet Security has evolved with blockchain. These encryption methods are what are known as public and private “keys”. The “public key” is a random-generated long string with many numbers. This becomes  what we as users’ call our address on the blockchain. Values in Crypto, much like Bitcoin, or any other Cryptocurrency for that matter, are sent through this network and  recorded as belonging to that given address. The “private key” is much more like our passwords in that it gives the owner access to their cryptocurrency. This works just as well as well for all their other digital assets as well.  Your data seen on the blockchain  is then incorruptible as can be.   Protecting your digital assets will also require you to make  safe your private key as well.

Methods for safeguarding include:

• By actually printing your Key out. This is creating a paper wallet.

• 

  Cold Storage Solutions.  Such as a Trezor. This allows you access and  keeps your “Public Key” and its contents safe while in the blockchain and in a safe location as well. This also offers built in security and recovery points.  If you Click on the Image it will to order one for you today.                                                                                         A second-level network

With blockchain Education, the internet totally  benefits because it offers a new layer of functions. Therefore,  each users can transact directly with another user. Bitcoin transactions in 2016 averaged well over $200,000 US Per Day.Because of this, very New and Interesting Internet Business will  completely disrupt our traditional ways of  doing financial Transactions. Furthermore,  look here for the latest in the Market Cap for Crypto. The actually results will be shown in real time. Here you can watch as hundreds of Billions  are being traded in Bitcoin in today’s World.                                                                                                                                                                                                                          Goldman Sachs believes that the technology involved in blockchain  holds great potential. This will also help to optimize and clear the settlements of many and varied financial transactions. These could well represent a World Wide savings of up to $6 Billion per year.

 Missing out on Blockchain Education?         We have Many ways to get you and KEEP YOU  involved.

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