REOKS Official’s Post

Did You Know? Blockchain Isn’t Just About Crypto! Here’s a fun fact: Although most people think of cryptocurrencies like Bitcoin and Ethereum when they hear “blockchain,” the technology has a much broader application! Blockchain is also being used to: 🔹 Track supply chains for transparency (think about knowing exactly where your food or clothes come from) 🔹 Secure healthcare records to protect sensitive information 🔹 Transform voting systems to ensure transparency and prevent fraud Blockchain is a powerful tool for creating trust in systems where it’s hard to come by—and that’s what makes it so exciting. 🌐 👉 What’s your favorite use case for blockchain outside of crypto? Let me know in the comments!

Many think blockchain is just about cryptocurrencies, but that's a myth! While it gained fame with Bitcoin and Ethereum, blockchain's power reaches far beyond digital currencies. At its heart, it's a decentralized, secure way to record data and transactions. From supply chain transparency to secure healthcare data sharing, its uses are endless. Even in law, real estate, and voting, blockchain is making waves with smart contracts and fraud prevention. So, while crypto might be the poster child, blockchain itself is reshaping industries worldwide! #BlockchainRevolution #BeyondCrypto #InnovationUnleashed #TechForGood #FutureIsNow

Many think blockchain is just about cryptocurrencies, but that's a myth! While it gained fame with Bitcoin and Ethereum, blockchain's power reaches far beyond digital currencies. At its heart, it's a decentralized, secure way to record data and transactions. From supply chain transparency to secure healthcare data sharing, its uses are endless. Even in law, real estate, and voting, blockchain is making waves with smart contracts and fraud prevention. So, while crypto might be the poster child, blockchain itself is reshaping industries worldwide! #BlockchainRevolution #BeyondCrypto #InnovationUnleashed #TechForGood #FutureIsNow

- Blockchain is a decentralized -The various type of information and data are Stored in each block. -If capacity of each block is overload then the new block is created in the blockchain. - The various types of block comes together & the chain is formed & it this chain is called blockchain. Blockchain -There, fore it is easy to track the information & to keep the information unique. & it is becoming impossible to flirting with it. Because of this the blockchain is s data is secure. Real world problems that blockchain solves: 1) Transparency and trust:Blockchain enhances transparency by allowing all participants in a network to view and verify transactions. 2)Security:The decentralized nature & crypto grahic algorithms of blockchain make it highly secure, preventing unauthorized access and reducing "the risk of fraud. 3) Efficiency:Blockchain streamline processes by automatic and recording transactions in real-time. This reduces the time and costs associated with traditional methods of Tx processing. Such as cross-border payments & contract management. #sppu #blockchaintechnology #bitcoin #ethereum #article #cryptocurrency

The "security" of blockchains is largely based on their redundancy (multiple instances of the same ledger on multiple "nodes") AND the inability for a single party to dictate the rules of adding data to the ledger. When Walmart created their "supply chain" blockchain, they surely controlled the rules of the ledger. So what's the point of the blockchain if Walmart can overwrite whatever information is on it? At that point, the "blockchain" becomes unrecognizable from a database... a really slow, expensive, and inefficient database. This is why 99.9% of private, permissioned blockchains never really made sense. #bitcoin #blockchains #digitalassets #publicaccounting #audit #crypto #ether

In the field of crypto, "snapshot" is a term referring to a specific moment when a blockchain or protocol records all information, the state of the network. This data includes account information, balances, transaction history, or any other relevant data related to the platform. Snapshots are used in various cases such as determining eligible users for receiving airdrops, creating a copy of the network's state, and splitting hard forks, etc. Implementing a snapshot forms the basis for many important decisions in crypto projects, which can affect the value of tokens and the ecosystem.  #Coinbay #Snapshot #crypto #blockchain 

Blockchain is the backbone of crypto because it’s the technology that makes digital currencies work securely and transparently. Think of it as a public ledger where every transaction is recorded and visible to everyone, making it nearly impossible to tamper with or counterfeit. This transparency builds trust and ensures that transactions are legitimate. Plus, because blockchain operates across a network of computers, there's no single point of failure or control, which keeps the system resilient and decentralised. In simple terms, without blockchain, crypto wouldn't be as reliable or trustworthy as it is. It’s the technology that turns the idea of digital money into a reality we can actually use and believe in. #Blockchain #Crypto #DigitalAssets

I received some questions from peers last week: "Why do I feel so strongly about the future of #crypto and #blockchain?" We need to upgrade our current currency and monitory system, and the current model is broken. After six years of studying and building blockchain products, it is the next evolutionary step. - blockchain is an immutable ledger recording all transactions and history with cryptography as the verification tool. -An example is, #bitcoin, a decentralized stored value that can be transferred anywhere in the world for a nominal fee and no borders blockers.. #payments and remittance can operate 24 hours a day settlements and in real-time. - combining personal data and identity on #blockchain, enabling users to own their data and have a digital identity tied to their blockchain wallet addresses... This is just scratching the surface. and its what we do BlockWyre inc.

#Blockchain #bitcoin #student #technology • WHAT IS BLOCKCHAIN ? • Blockchain is a tamper-proof distributed digital ledger. This digital ledger is safe, secure, transparent, and decentralised, which simply means that it is not controlled by a single authority. It is like a ledger that a bank uses to keep track of all customers transactions. Where's in blockchain, there is no central authority, and the ledger runs on multiple computers/nodes and doesn't require any single person to authenticate or settle transactions.