BLOCKCHAIN EXPLAINED...

👇🏽WHY IS BITCOIN IMPORTANT?
(WHAT IS A BLOCKCHAIN?)

- If you control the money, and the people are attached to money, then you can control the people by controlling the printing of money.

Blockchain technology offers a solution.

What is a blockchain?

A Blockchain is a distributed ledger technology that enables the SECURE, TRANSPARENT, and IMMUTABLE recording of transactions across multiple computers.

These transactions are grouped into blocks forming a chain-hence the term "blockchain."

Key CHARACTERisticis of Blockchain:

- **DECENTRALIZED**: Unlike traditional databases maintained by a central authority, blockchains are maintained by a network of computers (nodes) that all hold a copy of the entire ledger.

- **IMMUTABLE**: Once recorded, data on the blockchain cannot be altered retroactively without the consensus of the network, ensuring INTEGRITY.

- **TRANSPARENCY**: Transactions are visible to all participants in the network, increasing TRUST through openness.

- **SECURITY**: Blockchains use cryptographic techniques to SECURE data and ensure that transactions are legitimate and authorized. (So you can’t go in and change the number of votes/alter votes, etc - a decentralized voting system, etc.)

Bitcoin is the first and most well-known application of a decentralized blockchain, providing a decentralized currency FREE FROM MANIPULATION by central banks or governments.

Freedom is our birthright. Blockchain technology and BTC offers a potential decentralized financial platform for the people, by the people.
POWER TO THE PEOPLE.

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