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Our world is changing rapidly with digital currency here to stay. The Blockchain education and information you really must know to take advantage of this AWESOME opportunity you will find here. Don’t fret, when you read this page you will have a much better understanding. We have compiled some useful information and have included “details” for those of us who want to know even more.

What is the Blockchain? it is a new, incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.

LETS BREAK BLOCKCHAIN DOWN INTO SIMPLE  REAL- EASY- READING FOR YOU:

• Think of the Blockchain as a Large, worldwide, decentralized (which means no one system is the “Central” authority) spreadsheet.
• The Blockchain knows and keeps count of who sent how many coins/tokens/information and to whom they sent it.
• In the case of Coins/Cryptocurrency; The Blockchain keeps count of every account balance.
• The Blockchain is stored and kept by thousands of  (miners) people around the world who use “special” (high powered and uniquely configured) computers.
• The blocks contained within the Blockchain are made up of all the individual transactions that are sent and received through the Blockchain.  In example: all individual transactions sent from places like OMINEX, MyEtherWallet, MetaMask, Exodus, Mist, Geth, Parity, and anywhere else.
• When you access your Cryptocurrency Balance on Ominex.com, or any other Blockchain Wallet or look at your transactions on different and specific sources like etherscan.io, Blockchain.info, etc., you are seeing the data on the Blockchain, not in any one personal system.

WHAT ARE THE BENEFITS OF BLOCKCHAIN FOR ALL OF US?

Blockchain is a (decentralized) system to bring everyone to the highest degree of transparency and accountability. Which results in:

• No more dishonest or lost transactions.
• No more dishonest or damaged databases. An end to machine and human error.
• An end to transactions or exchanges (made by mistake) without the consent of the parties involved.
• The Blockchain connects transactions thru a secure and validated protocol. The Blockchain does this by recording the transactions on a main register and also on a network of connected registers.

Blockchain technology is A BETTER, SAFER, evolution of the internet. 

Alot of people are asking, BUT what is Blockchain? Let us answer that question for you here at 6m6r.com. You will find that our answer is taken from researching the subject online. The information here is correct and the same information you will find researching elsewhere online. We know your time is important, so we are happy to do the research for you, and present it, in an easy to understand page for you. The Blockchain is a genuine invention created by a genius mind – the creation of a person or group of people known by the pseudonym,  Satoshi Nakamoto. From its beginning it has continued to change and grow into something much greater than it was at the time of its creation.

The digital information on Blockchain is distributed but not copied. This distribution creates a very accessible database that is endless and constantly updated.    Blockchain technology has created the backbone of a new type of internet. The internet has grown to where it is better for everyone globally. Originally devised for the digital currency, Bitcoin, the tech community is now finding immediate and potential uses for the technology. Everything we experienced with the Internet changing commerce and how things are being done and communicated; is now being re-done in a new revolutionary method with Blockchain.

Due to the recent growth of Bitcoin and the creation of Blockchain; Bitcoin has been called “digital gold.”  This is actually a great name for it; and has proven to be just that. To date, the total value of the currency is close to $350 billion US. (probably far more by the time this is read).  And it doesn’t stop there, as Blockchain can make other types of digital value.

WE do not have to understand all the details to USE  Blockchain right now. 

Like the internet (before Blockchain) or your car, smartphone or computer, you do not need to know how the Blockchain works for you to use it. However, having a basic knowledge of this new technology will help you to understand why it is considered revolutionary.

A distributed database – let’s sink our teeth into a little more Blockchain detail. 

As a simple illustration, picture a spreadsheet that is shared thousands of times across a vast network of computer users. Then realize that whenever a secured and validated update is processed, that this network is designed to update the spreadsheet.  If you can understand this concept, you have a good basic illustration and understanding of Blockchain.  Some benefits to this process and function include:

• Information held on a Blockchain exists as a shared, and continually validated and reconciled database.
• The Blockchain database isn’t stored in any single location, meaning the records it keeps are truly public and easily verifiable.
• No centralized version of this information exists for a hacker to attack.
• It is Hosted by millions of computers simultaneously, its data is accessible to anyone on the internet.
• Ultimate Security and Transparency.

Blockchain education: Robust and Durable

Blockchain technology is like the internet in that it has a built-in robustness. By storing blocks of information that are identical across its network; the Blockchain cannot:

1. Be controlled by any one entity.
2. Has no single point of failure.
3. Be corrupted or embezzled.

Blockchain its history – Invention/Creation:

Since Bitcoins invention in 2008, it has operated without significant disruption. The problems associated with Bitcoin have been due to prior hacking or mis-management. The problems came from bad intention and human error, not flaws in the underlying concepts.)

The internet itself has proven to be durable for well over 40 years now. The 40 year track record bodes well for Blockchain technology as it continues to be developed, and deployed for all uses and solutions for the Global Community we all live and work in.

Transparent and Incorruptible – Blockchain 

The Blockchain network exists in a state of constant agreement.  Therefore, it is one constant consensus that automatically checks in with itself every ten minutes. This is a kind of a self-auditing ecosystem of a digital value. Every transaction received within a ten minute interval is reconciled by the network.  Each group of these transactions is referred to as a “block”. As a result, here are two important properties created by Blockchain:

1. Transparency data is embedded within the network as a whole, by definition it is public.
2. It cannot be corrupted. To alter any unit of information on the Blockchain would mean using a huge amount of computing power to override the entire network. Something that is virtually impossible and becoming a larger and larger barrier constantly.*

*In theory, this could be possible. In practice, it’s unlikely to happen. Therefore, taking control of the system to capture Bitcoins, for instance, would also have the effect of destroying their value.

 A network of nodes – Blockchain

A network of computing “nodes” make up the Blockchain.

Ok, but what is a Node?

Together they create a powerful second-level network, a wholly different vision of how the internet can function.

Bitcoin: the first Blockchain example and the role Nodes play.  

Every node is an “administrator” of the Blockchain, and joins the network voluntarily (in this sense, the network is decentralized). However, each one has an incentive for participating in the network: the chance of winning Bitcoins (competing to solve and be verified as the solution), proving proof of work, and then creating the “minted” Blockchain of information and being rewarded a specific amount of bitcoins for the completed block in the Blockchain.

The internet was once just a way to share “emails” and information. It grew into massive commerce, career, and then revolutionized industry as we know it.  As a result of Blockchain it is already happening again; evolving to the next level of technology based on decentralized solutions.

There are an ever increasing Bitcoin-like cryptocurrencies (exchangeable value tokens) already available. In addition, there is a full range of other potential adaptations of the original Blockchain concept that are currently active, or in development. Because there are literally no barriers; the uses and deployed solutions will be a part of our everyday lives (if not already) in the immediate and very advancing future.

 The idea of decentralization – Blockchain details

The Blockchain is a decentralized technology, as it was originally created.

Anything that happens within the Blockchain is a function of the network as a whole. Therefore, some important implications are now realized by this:

• Traditional commerce could become unnecessary, because new ways are being created to verify financial transactions.
• Cryptocurrency and ICO/Token trades become almost simultaneous on the Blockchain. Realizing a Global economy of trade operating 24/7/365 with no market opening or closing.  Global.
• Vital record keeping, like a land registry, is now fully public.
• A global network of computers uses Blockchain technology to jointly manage the database that records the recorded and structured transactions. Making information up-to-date and available at all times.

The Blockchain is managed by its network, and not any one central authority. To add definition; “Decentralization” means the network operates on a user-to-user (or peer-to-peer) basis.The transparent sharing of information opens unlimited possibilities for all forms of mass collaboration.

Who will use the Blockchain? 

You do not need to know everything about the Blockchain for it to be useful in your life. Just like computers, that have added to our enjoyment and all with or without our knowledge of exactly how they do that.

Currently, finance offers the strongest use cases for the technology. International remittances, for instance. As a result, the World Bank estimates that over $430 billion money transfers in US dollars were sent in 2015.

Blockchain is creating Jobs and Careers. Right now, Blockchain developers are in high demand.  Growth Indicators show that Blockchain technology is relevant and here to stay. Blockchain is a future fact and not fiction.

Th Blockchain works by cutting out the middleman for all types of financial transactions.  This new technology has the ability to create new methods for generating new monetary gains.

“Wallet” applications opened wide access to the general public. Anyone and Everyone can gain from the use of Blockchain and Cryptocurrencies. The “wallets”  are used by people everywhere to buy things with Bitcoin, and other forms of Cryptocurrencies. We at 6m6r.com recommend OMINEX for any Blockchain wallet or ICO direction. They are simply the best resource, and we have researched this extensively for you.

The Blockchain created a large need for identification, verification and compliance. OMINEX is  a name that has proven it can be trusted, and may also be the leader for Blockchain “Wallets” and complaint solutions.

 Enhanced security – Blockchain details 

Data stored across networks, can virtually eliminate most if not all of the risks that are inherit with data held centrally. Secure validation is necessary for all sectors, and all global solutions. Blockchain is revolutionary in that it can and does deliver the secure validation.

We have all heard of computer hackers exploiting our online marketplace, and some of us have experienced some large store chain security breaches first hand. The Blockchain is safer in that it lacks a central point of weakness, and therefore would be much more difficult, if not impossible for a computer hacker to exploit.

We are all still using the same “username/password” system to protect our assets, and identity online. Even with this protective measure, we are all still plagued with internet security issues. Blockchain uses encryption technology to enhance security, and the internet is evolving with Blockchain.

Secure methods of encryption are known as private “keys” and public “keys”. A “public key” (a large, string of numbers that are randomly generated) is the users’ address on the Blockchain. Values (any Cryptocurreny, such as Bitcoins, or any Designed Variable) travel across the network belonging to an address and are then recorded as belonging to that address. Think of the “private key” as a password that gives its owner/address access to their Cryptocurrency, Bitcoin, or other digital assets. Data stored on the Blockchain, it is incorruptible. Although, this is true, if you plan to protect and safeguard your digital assets, you will need to safeguard your private key.

Current, existing methods for safeguarding include:

• Print it out,  you now have what is called a “paper wallet”.
• Utilize Cold Storage Solutions Such as a Trezor. Trezor will allow you to keep your “Public Key” and its contents in a secure, safe location with built in and secure recovery points. Click on the Trezor Image to order one today.

 

Blockchain: A second-level network

The functionality of Blockchain technology brings a fresh new layer of benefits to the internet (web).

If you would like a little evidence that Blockchain, Cryptocurrency, and Bitcoin are here to stay, and getting larger everyday consider that in 2016 Bitcoin transactions averaged more than $200,000 US per day. (The 2016 numbers look pretty puny when you view the hundreds of Billions being traded in Bitcoin today). go here for the latest in Market Cap

Goldman Sachs wrote that Blockchain technology holds great potential in an article published in 2017. Especially where financial transactions are concerned. Goldman Sachs claims it could represent global financial transaction savings of up to $6 Billion per year. It is very likely Goldman Sachs has underestimated this amazing new world of Blockchain.

We have so many ways to get you involved here at 6m6r.com, you do not have to Feel like you are missing out!

You can become a part of the future right now, and right here.  Become a Miner of Cryptocurrency on the Blockchain in the easiest and fastest way here, and it is FREE. You do not have to be an expert, any beginner can do this, and the offer is FREE.. VISIT HERE for the info on how you can safely and easily and quickly your Computers (when you are using them, or not using them and they would be otherwise idle) to benefit and earn Bitcoin ( you will be mining the most productive form of Cryptocurrency).  SEE all THE DETAILS and get STARTED HERE.  This FREE opportunity could literally create possible millionaires among us simple beginners with little or no real understanding. This works without you fully understanding it. I know this, because I am a bitcoin miner and not an expert. I love mining for Bitcoin, it is FREE, easy and FUN!

This is a large page of technical reading. We did our best to break it down in a simple way for you, but we realize it is still a lot to absorb. Come back to 6m6r.com often, and review the information. We will be updating this information as newsworthy changes take place with this technology. We hope that reading this page, created an excitement and appreciation of Blockchain, and Cryptocurrency. Hopefully you will be like thousands of other readers, who loved the information in our blog on Blockchain Education. Be sure to sign up on the right so you can stay current with all the new blockchain info, mining info, and fun available to all of us for FREE!

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