Blockchain works by preserving information in blocks which are chained to each other, according to Investopedia. The system’s uniqueness stems from its sustainability since it makes an irreversible timeline of data in a decentralised nature. When a block is filled, it becomes a timestamped part of this timeline that cannot be changed through one party. Blockchain has the potential to revolutionise the way business is conducted since it includes transparency (due to its decentralised nature), organisation (since new blocks are always stored linearly and chronologically), security and traceability (once a block has been added to the end of the blockchain, it is very difficult to go back and alter its content).
They developed the modern version of paper currencies. I think that crypto is going to be the most significant macro event of my career of the last 30 years, and it probably goes back even further. A lot of people think cryptos are a naked speculation on bitcoin BTCUSD, 0.62%, whether it will go up or down.
If you dig into the crypto universe, and you understand the phrase “decentralized finance,” or “defi,” you will find that they are recreating the entire financial system in a decentralized way, complete with borrowing, lending, derivatives trading, insurance, lotteries, automatic market making as well, too.
This is what the West has become. The West which loves to brag about its role in spreading “freedom” and “democracy”, which has the audacity to describe itself as the “free world”, is the biggest robotic, shopping center styled prison, which exists on earth. Now, you can’t even freely share political expression on the internet. Why? Because the dictators of the West are too scared that the public may actually demand an end to the tyranny caused by our major corporations and governments.
The initiative has recently hit an important stage of development as it released a proof of concept that blockchain, a type of distributed ledger technology, can track embedded greenhouse gas emissions.
The successful completion of the proof of concept and the evidence from the pilot project, named the Carbon Tracing Platform, will be critical to ensure traceability of emissions from “mine to final product”.
PRESS RELEASE. Decentralized storage is a crucial infrastructure in the technical field. With the Filecoin mainnet launch in October of 2020, Filecoin and IPFS are now leading the decentralized storage field. One of the star projects of the IPFS/Polkadot ecosystem, Crust Network proposes to implement key concepts of Filecoin based on the Substrate technical framework within the Polkadot ecosystem, and also address several design and technical issues of Filecoin.
After several rounds of internal testing, Crust Network has launched its Decentralized Storage Market on Crust Apps and opened storage functions to users for public testing from the end of February.