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Utilities, objectives and types of blockchain
#1
This is how a bank transfer works, only instead of relying between two banks, it relies on the mathematical go-ahead of the entire network . It is not necessary to trust or trust anyone beyond the mathematical calculation. Satoshi invented a way to move numbers from one computer to another . But in such a way that no one has to trust either the person offering the transaction or a third party that endorses it. In addition, its supply is limited and its possession is transferred by creating a currency.

The bitcoin At first a few enthusiasts saw all this as fun and interesting. But of course, you couldn't transfer dollars or euros, but a number to which the name Bitcoin was associated. Pizzas began to be bought for hundreds of Bitcoins to support its use, but as an act of propaganda or good faith. However, it soon began to acquire real value as a form of payment for illegal activities , speculation, or for email list political ideology. The media began to echo this new currency until, at its peak, it became a market worth almost a trillion dollars. The number of Bitcoin is limited, so its value should increase every time dollars are printed.

[Image: 99a11f_1a82e59da83442698743a28723ba86a6~mv2.png]

Theoretically it is a value similar to gold. But its valuation has always been linked to the actions of large technology companies, because you may not have to trust banks or governments, but you do have to trust that these large companies encourage its use in the day-to-day life of their users. ethereum Programmer Vitalik Buterin was captivated by Nakamoto's invention, and went one step further. Why not take advantage of this decentralized, secure, and permission-free database to distribute more than just payments? This is where the idea of Ethereum was born. In the Bitcoin network, payments are sent, in the Ethereum network more complex instructions are sent, such as small computer programs called 'smart contracts.
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#2
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#3
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#4
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