Helping others to understand the blockchain technology.

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avatar of @mcsamm
9 months ago - 2 minutes read


Given the evidence presented, blockchain-based crypto currencies are unquestionably the future of currency. While there have been significant improvements in the operation of online use recently, the reality is that many more individuals have yet to understand more about web 3.0.

It's necessary to explain to others that the blockchain is an ingenious means for a group of individuals who don't trust or understand each other to maintain records of their activities in a way that everyone can verify. It is often promoted as a solution for a certain group of individuals who know and trust one another, or who all trust a single party. You can utilise a blockchain for this, but the added expense isn't worth it. Creating a private, secure platform will suffice.


When there is dispute over the original data, the blockchain is also promoted as an answer. Once all agreed parties have signed off on a transaction, it is recorded unchanging on the blockchain. However, if multiple individuals have distinct perspectives or are unable to agree on the same issue at the same time, a blockchain will not solve the problem.

A blockchain does not come cheap. Allow me to be pragmatic here. It, like the hive blockchain, requires a method for compensating people to keep it running. If the issue is that no one will bear the burden of preserving the data, a blockchain is worse than a regular database since it is somewhat more expensive.

Surprisingly, the hive blockchain, like any other blockchain, is far more intriguing as a technology that allows individuals to accomplish things they had never thought before. This is its distinguishing feature.