We Are Strong Believer of Cryptocurrencies and Blockchain Technology

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We Are Strong Believer of Cryptocurrencies and Blockchain Technology Our mission is to increase awareness of people about cryptocurrency blockchain technology. Only 6% of the world population knows about “Cryptocurrency.” With the support of our partners, and with the programs and the strong leadership in this organisation, we will be able to help and reach out to the masses like never before.

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Omnia Tech – Genesis Mining Bitcoin Cryptocurrency Earning Results?

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We Are Strong Believer of Cryptocurrencies and Blockchain Technology Our mission is to increase awareness of people about cryptocurrency blockchain technology. Only 6% of the world population knows about “Cryptocurrency.” With the support of our partners, and with the programs and the strong leadership in this organisation, we will be able to help and reach out to the masses like never before.

Omnia Tech – Genesis Mining Bitcoin Cryptocurrency Earning Results?

Omnia Tech

Omnia Tech is a platform that promises to make mining easy. Find out how it works today in our Omnia Tech review.

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What Is Omnia Tech?

Omnia Tech is a mining company that offers lifetime mining contracts and daily payouts. You buy into the company, then receive a share of mining profits. The company has “partnered” with Genesis Mining (although basically, it seems Omnia Tech just uses your money to purchase Genesis Mining contracts; there’s no evidence that Genesis Mining knows Omnia Tech exists).
You can find the Malta-registered corporation online today at OmniaTech.eu. The company appears to be run out of Austria. They don’t appear to maintain any mining infrastructure on their own.
At first glance, Omnia Tech may seem like an ordinary cloud mining company. However, if you’ve looked at other cloud mining companies, then you know the industry is filled with scams and MLM-style opportunities.
When you dig a little deeper into Omnia Tech, you’ll find that it does indeed have a multilevel marketing structure where you earn money by referring new people to the platform. Of course, just because Omnia Tech has a multi-level referral system doesn’t necessarily mean it’s a scam. We’ll take a closer look at how the company works below.

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How Does Omnia Tech Work?

Omnia Tech works in a similar way to every other mining company. You sign up for the company, pay a fee, and then start earning mining profits.

  • Step 1) Register and pay
  • Step 2) Choose from a number of different plans, including lifetime mining contracts that are available for all plans
  • Step 3) Receive daily payouts directly to your personal wallet

Three payment methods are available, including VISA, MasterCard, and bitcoin.
Omnia Tech claims to have partnered with Genesis Mining, one of the cryptocurrency industry’s leading hashpower providers. The company offers small and large plans – you can sign up for as little as $100, or jump into the “Elite Miner” plan for $25,000.
The mining system is designed to be easy to use. Omnia Tech caters towards beginners – so even if you know nothing about cryptocurrency or mining, you can earn mining profits with Omnia Tech. After you sign up for a plan, you automatically start to receive mining profits. It’s that easy.

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Every 500 days, Omnia Tech will reinvest 50% of your hash power. That’s the reason why Omnia Tech can offer lifetime contracts: when your contract becomes unprofitable, Omnia Tech will automatically assign your hash power to other profitable altcoins.
Aside from the mining subscription plans, Omnia Tech doesn’t offer any products or services. It’s exclusively a company built around memberships and mining contracts.

Who’s Behind Omnia Tech?

Omnia Tech’s website mentions just one member of the company, a man named Thomas Hintermaier. He’s listed as the Chief Technology Officer of Omnia.
The website describes Thomas a “a notable and experienced expert in technology”. He’s spent most of his career in quality management and production planning.
According to research from MarketingXtreme.net, Thomas may not actually own the company. The Omnia Tech website lists Thomas as the sole executive, although his social media profiles do not list him as the owner. The owner of Omnia Tech is never disclosed.
The only other “clue” is that the Omnia-Tech.eu domain was registered on July 31, 2017. The domain lists Christian Michel Scheibener as the owner using the same corporate address in Malta we see on the official website.
Scheibener describes himself as a “leading MLM headhunter”. He was heavily promoting Wor(l)d International over the past few months.
Although Omnia Tech is registered in Malta, it appears to operate out of Austria.
In any case, there’s limited transparent information about Omnia Tech or its management team available online.

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Omnia Tech Pricing

Omnia Tech offers a number of different membership fees, including all of the following:

  • Starter: $100
  • Kickstarter: $500
  • Light Miner: $1000
  • Mid Miner: $3000
  • Strong Miner: $8500
  • Master Miner: $15,000
  • Elite Miner: $25,000

When you buy into the mining plan, you purportedly earn ROI every day. The ROI differs according to the type of currency being mined.
It appears that Omnia Tech doesn’t actually mine anything on its own: the company uses your money to purchase mining contracts with Genesis Mining, then shares profits with you.
Omnia Tech lets you choose to mine Bitcoin, Ethereum, Ethereum Classic, ZCash, and Litecoin.

The Omnia Tech Opportunity

As mentioned above, Omnia Tech has a type of multilevel marketing structure where affiliates earn 10% of the funds invested by affiliates they personally sponsor.
Residual commissions are paid out through a binary compensation structure. The affiliate is at the top of the binary team, and the team splits into a left and right side.
Omnia Tech claims you can use their structure to generate 40 cycles per day. Each cycle is worth $1,000, so that means you can potentially earn $4,000 per day.
Affiliates also earn a matching bonus on residual commissions earned by downline affiliates. You earn commissions up to 4 levels of referrals.
Like other MLM schemes, Omnia Tech also has monthly turnover bonuses and rank achievement bonuses that sound attractive – but are virtually impossible to achieve.

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Omnia Tech Conclusion

Omnia Tech is a weird opportunity. You give the company a bunch of money. Then, they claim to buy Genesis Mining contracts on your behalf. You earn guaranteed daily ROIs from mining activity, and you continue to hold that mining contract for life. Omnia Tech also has a multilevel marketing-style commission structure where you can earn up to $4,000 per day.
However, there are some problems with Omnia Tech. Genesis Mining offers contracts that are significantly cheaper than Omnia Tech. No, they’re not lifetime contracts: they’re one or two year contracts. That may seem like Omnia Tech is a better deal. However, there’s no evidence that Omnia Tech will exist in one or two years from now – so you shouldn’t give the company $25,000 for a lifetime contract today, or even $100 for a lifetime contract.
In any case, Omnia Tech appears to be attracting users who are new to the cryptocurrency world but interested in making a profit. There’s limited evidence that it pays out, and there are no reviews available online at this time. You can learn more about the company online today at Omnia-Tech.eu.

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What is Blockchain Technology? – Marc Andreessen

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“The practical consequence […is…] for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.”

– Marc Andreessen

From a cruising altitude, a blockchain might not look that different from things you’re familiar with, say Wikipedia.
With a blockchain, many people can write entries into a record of information, and a community of users can control how the record of information is amended and updated. Likewise, Wikipedia entries are not the product of a single publisher. No one person controls the information.

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Descending to ground level, however, the differences that make blockchain technology unique become more clear. While both run on distributed networks (the internet), Wikipedia is built into the World Wide Web (WWW) using a client-server network model.
A user (client) with permissions associated with its account is able to change Wikipedia entries stored on a centralized server.

Whenever a user accesses the Wikipedia page, they will get the updated version of the ‘master copy’ of the Wikipedia entry. Control of the database remains with Wikipedia administrators allowing for access and permissions to be maintained by a central authority.

Wikipedia’s digital backbone is similar to the highly protected and centralized databases that governments or banks or insurance companies keep today. Control of centralized databases rests with their owners, including the management of updates, access and protecting against cyber-threats.
The distributed database created by blockchain technology has a fundamentally different digital backbone. This is also the most distinct and important feature of blockchain technology.

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Wikipedia’s ‘master copy’ is edited on a server and all users see the new version. In the case of a blockchain, every node in the network is coming to the same conclusion, each updating the record independently, with the most popular record becoming the de-facto official record in lieu of there being a master copy.

Transactions are broadcast, and every node is creating their own updated version of events.
It is this difference that makes blockchain technology so useful – It represents an innovation in information registration and distribution that eliminates the need for a trusted party to facilitate digital relationships.
Yet, blockchain technology, for all its merits, is not a new technology.
Rather, it is a combination of proven technologies applied in a new way. It was the particular orchestration of three technologies (the Internet, private key cryptography and a protocol governing incentivization) that made bitcoin creator Satoshi Nakamoto’s idea so useful.

The result is a system for digital interactions that does not need a trusted third party. The work of securing digital relationships is implicit — supplied by the elegant, simple, yet robust network architecture of blockchain technology itself.

Defining digital trust

Trust is a risk judgement between different parties, and in the digital world, determining trust often boils down to proving identity (authentication) and proving permissions (authorization).

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Put more simply, we want to know, ‘Are you who you say you are?’ and ‘Should you be able to do what you are trying to do?’

In the case of blockchain technology, private key cryptography provides a powerful ownership tool that fulfills authentication requirements. Possession of a private key is ownership. It also spares a person from having to share more personal information than they would need to for an exchange, leaving them exposed to hackers.

Authentication is not enough. Authorization – having enough money, broadcasting the correct transaction type, etc – needs a distributed, peer-to-peer network as a starting point. A distributed network reduces the risk of centralized corruption or failure.

This distributed network must also be committed to the transaction network’s recordkeeping and security. Authorizing transactions is a result of the entire network applying the rules upon which it was designed (the blockchain’s protocol).

Authentication and authorization supplied in this way allow for interactions in the digital world without relying on (expensive) trust. Today, entrepreneurs in industries around the world have woken up to the implications of this development – unimagined, new and powerful digital relationshionships are possible. Blockchain technology is often described as the backbone for a transaction layer for the Internet, the foundation of the Internet of Value.

In fact, the idea that cryptographic keys and shared ledgers can incentivize users to secure and formalize digital relationships has imaginations running wild. Everyone from governments to IT firms to banks is seeking to build this transaction layer.
Authentication and authorization, vital to digital transactions, are established as a result of the configuration of blockchain technology.
The idea can be applied to any need for a trustworthy system of record.

Authored by Nolan Bauerle; images by Maria Kuznetsov
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Learn more: Who is Satoshi Nakamoto?

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We Are Strong Believer of Cryptocurrencies and Blockchain Technology Our mission is to increase awareness of people about cryptocurrency blockchain technology. Only 6% of the world population knows about “Cryptocurrency.” With the support of our partners, and with the programs and the strong leadership in this organisation, we will be able to help and reach out to the masses like never before.

Learn more: Who is Satoshi Nakamoto?

Nobody knows (or is telling), but he, she or they invented the Bitcoin protocol


Satoshi Nakamoto was a pseudonymous developer that published a paper describing the Bitcoin protocol in detail via the Cryptography Mailing List in November 2008 and released the first version of the bitcoin software client in 2009. The software was released as open-source and the original paper can be found on the bitcoin.org website here.

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Shrouded in Mystery

Nobody knows if Satoshi Nakamoto was a male, a female or a group of people (or even a government organization) though many theories exist. The last time anybody heard from him was in the spring of 2011 when he posted a message saying he had moved on to other things. Until that time he was part of the project development team, however by the end of 2010 he had all but disappeared.
Some people say that it isn’t important who he was and perhaps it is good that there is so much mystery because it keeps the focus on the technology and not on the people behind the technology. Whoever he was, he, she or they were responsible for inventing the Bitcoin protocol.

Satoshi Nakamoto sounds Japanese

It does sound Japanese. In fact in Japanese “Satoshi” means “clear thinking, quick witted or wise“. “Naka” can mean “medium, inside, or relationship”. “Moto” can mean “origin”, or “foundation”. Those things would all apply to the person who founded a movement by designing a clever algorithm.

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Some people have interpreted his name as meaning “Central Intelligence” and concluded he must have been working for the government. However, perhaps it doesn’t matter. Core developer Jeff Garzik puts it succinctly.

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“Satoshi published an open source system for the purpose that you didn’t have to know who he was, and trust who he was, or care about his knowledge,” he points out. Open source code makes it impossible to hide secrets. “The source code spoke for itself.”

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//www.powr.io/powr.js

Learn more: What are the Advantages of Bitcoin? Payment Freedom, Low cost, Instant Transactions, Full transparency and no central authorities

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Learn more: What are the Advantages of Bitcoin?

Payment Freedom, Low cost, Instant Transactions, Full transparency and no central authorities


Bitcoin is a zero trust consensus network with many advantages.

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Payment Freedom – Instant transactions

With Bitcoin it is possible to send and receive any amount of money instantly anywhere in the world at any time. No bank holidays. No borders. No imposed limits. Bitcoin allows its users to be in full control of their money.

Very low transaction fees

Bitcoin payments are currently processed with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing, which results in faster confirmation of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currency and depositing funds directly into merchants’ bank accounts daily. As these services are based on Bitcoin, they can be offered for much lower fees than with PayPal or credit card networks.

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Fewer risks for merchants

Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance. Merchants can easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets, and fewer administrative costs.

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Security and Control

Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods. Bitcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin users can also protect their money with backup and encryption.

Transparent and Neutral

All information concerning the Bitcoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure. This allows the core of Bitcoin to be trusted for being completely neutral, transparent and predictable.

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Learn more: What are Crypto Currencies? A digital currency relying on the principles of cryptography

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Learn more: What are Crypto Currencies?

A digital currency relying on the principles of cryptography


The Wiki describes it well; a cryptocurrency (such as Bitcoin, Litecoin, Feathercoin, etc.) is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself.

I don’t get it, in English please

Let’s look at the first sentence again and break it down word for word:

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A cryptocurrency is a peer-to-peer, decentralized, digital currency whose implementation relies on the principles of cryptography to validate the transactions and generation of the currency itself.

Peer-to-peer

Peer-to-peer refers to each node on the network being able to connect to any other node and act as both a server and a client sharing updates to the blockchain (public ledger) without the need for a central server.

Decentralized

Decentralized refers to the peer-to-peer architecture of the network. Because each node can act as both a server and a client, there is no need for a central server or centralized authority, thus effectively solving the double spending problem.

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Digital currency

Digital currency, among its various names, is electronic money that acts as alternative currency in the digital realm (though offline adoption is increasing as well). Currently, alternative digital currencies are not produced by government-endorsed central banks nor necessarily backed by national currency.

Principles of cryptography

Cryptography relies on public and private keys for security. With cryptocurrencies every transaction has to be signed by a private key for security. Due to the strong security and well understood principles of cryptography, counterfeiting digital currencies is virtually impossible.

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Learn more: What is Bitcoin? Bitcoin is the simplest way to exchange money at very low cost

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We Are Strong Believer of Cryptocurrencies and Blockchain Technology Our mission is to increase awareness of people about cryptocurrency blockchain technology. Only 6% of the world population knows about “Cryptocurrency.” With the support of our partners, and with the programs and the strong leadership in this organisation, we will be able to help and reach out to the masses like never before.

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Learn more: What is Bitcoin?

Bitcoin is the simplest way to exchange money at very low cost


Bitcoin is a zero trust consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. It was introduced as open-source software by pseudonymous developer Satoshi Nakamoto that uses cryptography to control the creation and transfer of money.

I don’t get it, in English please

As a start, think of Bitcoin as a currency, like the USD, AUD, HKD, CNY or EUR, only digital. They aren’t printed or regulated by central banks like other currencies are. They are produced by millions of computers solving mathematical problems ensuring only a pre-determined number of coins enter circulation every day. These coins are rewarded to whoever is the first to solve the latest mathematical puzzle.

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Bitcoin solves the double spending problem

Bitcoin has many advantages. One of the biggest innovations is that it solves what is known as the double spending problem. According to the Wiki:

Double-spending is the result of successfully spending some money more than once. Bitcoin protects against double spending by verifying each transaction added to the block chain to ensure that the inputs for the transaction had not previously already been spent.

Other electronic systems prevent double-spending by having a master authoritative source that follows business rules for authorizing each transaction. Bitcoin uses a decentralized system, where a consensus among nodes following the same protocol is substituted for a central authority.

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cryptocurrency mining and digital currencies Bitcoin, Ethereum underlying technology blockchain.

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We Are Strong Believer of Cryptocurrencies and Blockchain TechnologyOur mission is to increase awareness of people about cryptocurrency blockchain technology. Only 6% of the world population knows about “Cryptocurrency.” With the support of our partners, and with the programs and the strong leadership in this organisation, we will be able to help and reach out to the masses like never before.

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cryptocurrency mining and digital currencies Bitcoin, Ethereum underlying technology blockchain.

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We Are Strong Believer of Cryptocurrencies and Blockchain TechnologyOur mission is to increase awareness of people about cryptocurrency blockchain technology. Only 6% of the world population knows about “Cryptocurrency.” With the support of our partners, and with the programs and the strong leadership in this organisation, we will be able to help and reach out to the masses like never before.

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Bockchain technology buzzword. Governments, entrepreneurs business people and banks,

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We Are Strong Believer of Cryptocurrencies and Blockchain Technology Our mission is to increase awareness of people about cryptocurrency blockchain technology. Only 6% of the world population knows about “Cryptocurrency.” With the support of our partners, and with the programs and the strong leadership in this organisation, we will be able to help and reach out to the masses like never before.

Blockchain: 5 Key Concepts

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Blockchain: 5 Key Concepts

Blockchain: 5 Key Concepts

Bockchain technology seems to be the buzzword of the day. Governments, entrepreneurs business people and banks, all have been paying attention and even allocating resources and investment to better understand and develop what sounds like the data structural holy grail of the future.

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Blockchain promises to produce a shift in the current computing paradigm because  it has the potential to become the infrastructure catalyst for the creation of decentralised applications.Blockchain can be seen as the next-step evolution from distributed computing architectural constructs, to a global database of data and interfaces, integrating all kinds of machines and sources of data.
But what is Blochain after all? In this introductory guide we review 5 key concepts that explain what blockchain is and why it is so revolutionary.

Five Key Concepts

In order to understand well blockchain one needs to grasp the following five key concepts, how they interrelate to one another, and how they might provide us with a new computing paradigm.

Blockchain- 5 key concepts

Blockchain- 5 key concepts Infographic by Intelligenthq
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Those five concepts are:

  • Blockchain
  • Decentralized databases applications consensus
  • Smart contracts
  • Proof of work/stake.
  • Trusted advanced computing

1.Blockchain
As we all know blockchain technology started with the bitcoin. Bitcoin is a a peer-to-peer electronic payments system, also known as a cryptocurrency, that allows people to make instant, anonymous transactions online.
The unique characteristic of bitcoin is that it records every single transaction made on its network in a public record. This is known as the “blockchain”. A new blockchain is created every ten minutes. That blockchain is afterwards shared throughout the network. The chain is constantly growing, because each completed “blocks” is added to the public ledger. There are an infinite number of blocks on the blockchain, because as soon as one block gets completed, another is automatically generated. Each block though, contains a “hash”, which is a unique fingerprint of the previous code.
2. Decentralised Databases Applications Consensus
Blockchain’s potential for the development of decentralised database applications consensus is based on the unique characteristics of the technology, as outlined previously.
What is used to secure the authentication of the source of the transaction is cryptography, through the hash codes. There is never a duplicate recording of the same transaction. As such, the need for a central intermediary is not there any more. This breaks with the paradigm of centralised consensus ( when one central database is used to rule transaction validity). As John Reed, former chairman and CEO of Citibank acknowledges:

“A decentralised scheme, on which the bitcoin protocol is based, transfers authority and trust to a decentralized virtual network and enables its nodes to continuously and sequentially record transactions on a public “block,” creating a unique “chain”: this is the inception and keywords genesis for blockchain.”

Another way to put it is to think of blockchain as a meta database where you store any data semi-publicly in a linear container space (the block). Anyone can verify that you’ve placed that information because the container has a given signature on it, but only the person that created that bloc or a program can unlock what’s inside the container because only that person holds the private keys to that data, securely. So, the blockchain is sort of a database, except that part of the information stored — its “header” — is available to the public. Here the public, of course, means a computer scientist or software engineer, knowing how to use it and how to access its APIs and different flows.

Distributed ledger taxonomy Infographic by Intelligenthq

Distributed ledger taxonomy Infographic by Intelligenthq

William Mougayar, who wrote the book “The Business Blockchain” explains this with a great metaphor for Blockchain, which is how it is based on one’ s own home address. One can publish hers or his home address publicly, but that doesn’t give any information about what the home looks like on the inside. You’ll need your private key to enter your private home, and since you have claimed that address as yours, no one else can claim the same address as theirs.

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The value of decentralised databases applications consensus is enormous and it promises to disrupt the current ecosystem that tends to the monopoly. Companies like eBay, Facebook and Uber are very valuable because they benefit tremendously from the network effects that come from keeping all user information centralised in private silos and how they act as middle men taking a cut of all the transactions.
Decentralised protocols on top of the blockchain have the potential to undo every single part of the stacks that make these services valuable to consumers and investors. They can do this by, for example, creating common, decentralised data sets to which any one can plug into, and enabling peer-to-peer transactions powered by bitcoin and other cryptocurrencies.
A number of promising companies have already begun working on the protocols that will disrupt the business models of the companies above. One example is Lazooz, a protocol for real-time ride sharing and another is OpenBazaar, a protocol for free, decentralised peer-to-peer marketplaces.

Infographic by Intelligenthq

Infographic by Intelligenthq

3. Smart contracts
A scaled blockchain is something that starts proving a new global (somehow still science fiction) ecosystem. For this the smart contracts are the building blocks for decentralized applications.
Smart contracts are contracts whose terms are recorded in a computer language instead of legal language. Smart contracts can be automatically executed by a computing system, such as a suitable distributed ledger system. The potential benefits of smart contracts include low contracting, enforcement, and compliance costs; consequently it becomes economically viable to form contracts over numerous low-value transactions.
So the question behind Bitcoin and Blockchain is why depend on a central authority when two (or more) parties can agree between themselves, and when they can bake the terms and implications of their agreement programmatically and conditionally, with automatic money releases when fulfilling services in a sequential manner, or incur in penalties if not fulfilled?

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Smart contracts Infographic by Intelligenthq

Smart contracts Infographic by Intelligenthq

4. Proof of work/stake
Proof of stake (PoS) is a method by which a cryptocurrency blockchain network aims to achieve distributed consensus. While the proof of work (PoW) method asks users to repeatedly run hashing algorithms or other client puzzles to validate electronic transactions, proof-of-stake asks users to prove ownership of a certain amount of currency (their “stake” in the currency). Peercoin was the first cryptocurrency to launch using proof-of-Stake. With Proof of Work, the probability of mining a block depends on the work done by the miner (e.g. CPU/GPU cycles spent checking hashes). With Proof of Stake, the resource that’s compared is the amount of Bitcoin a miner holds – someone holding 1% of the Bitcoin can mine 1% of the “Proof of Stake blocks”. According to Bitcoin wiki Proof of Stake is one way of changing the miner’s incentives in favour of higher network security.
5. Trusted advanced computing

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The integration of all the different concepts outlined here, namely, the blockchain, decentralised consensus and smart contracts, enables the spreading of the resources and transactions laterally, in a flat, peer to peer manner, and in doing that,they are enabling computers to trust one another at a deep level.
If institutions and central organizations are necessary nowadays as trusted authorities, in the future, a certain number of their central functions can be codified via smart contracts that are  governed by decentralised consensus on a blockchain.
Namely, due to the blockchain’s role as the unequivocal validator of transactions, each peer can proceed and trust one another, because the rules of trust, compliance, authority, governance, contracts, law, and agreements live on top of the technology.
If you fast forward to a not-too-distant future, smart contracts and smart property will be created, dispensed or executed routinely between consenting parties, without either of them even knowing that blockchain technology was the trusted intermediary. “Trusted computing” on the Web seems to be a key tenet of the new crypto-driven paradigm.

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