HOW ARE YOU ALL!!
I hope you guys will be fit and fine by the grace of Allah and enjoying your day with great health.
Steemit is going awesome with the passage of time and has been evolved as well by evolution of new coin called as Puss coin that has been remarkable in the last some days as well. So let's start today's topic.
Blockchain technology and it's evolution |
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Prior to Amazon, Ripple had been trailing in the top 6 due to Bitcoin being above it. Blockchain arrived with a boom as Bitcoin was just beginning its run into mainstream consciousness after satellite years beneath notice. Bitcoin, the first decentralized cryptocurrency designed to work on blockchain and function as a peer-to-peer payment system As an alternative to traditional financial institutions, Bitcoin leveraged its first-mover advantage and demonstrated what a technology that offers transparency, immutability and security without any central authority could look like. Finding a solution to the double-spend problem was what led Bitcoin with blockchain having become standardized in trustworthiness as well into this digital and decentralized platform showcasing itself as solvable for change of hands. From there on many ideas cropped up surrounding the potential of this network which did have connections between two counterparties through payouts that were not lengthy at all back then considering it onto value transfer had some technicalities but never seemed more than expected due its consistency till today.
Image has been taken from freepic
Ethereum evolution |
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The debut of Ethereum was significant as the framework had shifted from a currency-focused model to a general-purpose, fully programmable platform for decentralized applications. Where Bitcoin was created as a peer-to-peer system for electronic transactions, Ethereum introduced the concept of smart contracts and those contracts that can be executed by the network itself. These contracts allowed automated processes like payments and are part of what made Ethereum such a revolutionary concept as it expanded the use cases for blockchain to include real estate finance, supply chain management.
Image has been taken from freepic
Conclusion of the day |
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Developers have been fighting with issues related to scalability, energy efficiency as well as interoperability and blockchain has not yet finished the journey. New solutions like Layer 2 scaling and cross-chain communication are only helping to streamline blockchain networks, hasten transaction speeds all while decreasing costs. Educational and technological advancements are expected to result in widespread blockchain adoption through the above-mentioned sectors, integrating it into life as we know it.
Hope you like work
Regards:
@tayyab100
https://x.com/M52082233Tayyab/status/1852029885771833743?t=Do09JkO-h7ISdel-fNB5Yw&s=19
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The quality of your post is not satisfactory, please give a more detailed explanation to your post.
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@nusuranur
@alsarzilsiam
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Ok sir I will try my best to make a lengthy post from now onwards and thank you for notifying @jueco
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Note it.
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