{"id":1393305,"date":"2022-03-22T08:01:38","date_gmt":"2022-03-22T12:01:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1393305"},"modified":"2022-03-22T08:01:43","modified_gmt":"2022-03-22T12:01:43","slug":"blockchain-101-learn-about-the-technology-that-will-change-your-financial-future","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/blockchain-101-learn-about-the-technology-that-will-change-your-financial-future\/","title":{"rendered":"Blockchain 101: Learn About the Technology That Will Change Your Financial Future"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fblockchain-101-learn-about-the-technology-that-will-change-your-financial-future%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1393305&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p class=\"subheading\"><em>The following content is sponsored by the <a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620450\">Palm Beach Letter<\/a>.\u00a0<\/em><\/p>\n<p>With the rise of cryptocurrencies as this decade\u2019s <a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620449\">must-have investment<\/a>, it\u2019s important to understand the blockchain technology powering the crypto market and its ability to revolutionize the world of finance. To get answers, Breitbart News Editor-in-Chief Alex Marlow spoke <a href=\"https:\/\/www.breitbart.com\/economy\/2021\/06\/30\/crypto-101-how-to-maximize-your-rewards-and-minimize-your-risks-in-this-decades-must-have-investment\/\">again<\/a> with crypto investment expert Teeka Tiwari, whose <a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620449\">PickoftheDecade.com<\/a> presentation and <a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620450\">Palm Beach Letter<\/a> provide investors with the tools they need to navigate this new asset class.<\/p>\n<p>Cryptocurrencies like Bitcoin and Ethereum could not exist without the blockchain, Tiwari explained.<\/p>\n<p>\u201cThe blockchain is designed in a way to make it tamper proof. It\u2019s a way to store data,\u201d he said. \u201cWhen something is on a blockchain, no one can go back and change the data the way they can in a centralized computer system.\u201d<\/p>\n<p>Tiwari compared the blockchain to \u201ca highly secure Excel spreadsheet that we all share and that we can all look at.\u201d But, in the case of the blockchain, if anyone wants to add new data to this digital ledger, a majority of the users have to agree that the data is accurate. \u201cThis mechanism is called consensus,\u201d he said, and it\u2019s this innovation that makes blockchain technology both transparent and fraud-proof.<\/p>\n<p>To explain how a blockchain transaction works, Tiwari used the example of someone trying to send Bitcoins to another person. To do so, the blockchain must verify that the person has the Bitcoins to send.<\/p>\n<p>In a typical centralized computer system, a user could potentially corrupt or hack the network to fool it into thinking that he has more than he actually does. But, as Tiwari explained, it\u2019s impossible to corrupt or fool the blockchain because it is entirely decentralized across thousands of computers. In a typical Bitcoin transaction, for example, a majority of the network\u2019s computers must reach a consensus that a user has the Bitcoins to send. The transaction cannot occur until at least 51 percent of the computers on the blockchain agree.<\/p>\n<p>This decentralized fraud-proof transparency is what makes blockchain technology so innovative and revolutionary, Tiwari said.<\/p>\n<p>\u201cIt\u2019s powerful because for the first time ever, we are able to create a way of storing data that no one can tamper with, that can run completely by itself,\u201d he said. \u201cThere\u2019s no CEO of Bitcoin. It\u2019s all computer code. And those rules, those laws, prevent anyone from tampering with the [blockchain].\u201d<\/p>\n<p>This ability to store information in a way that everyone can trust and verify without relying on a centralized third-party intermediary has \u201cnever existed in the history of humanity,\u201d Tiwari said. And the possibilities of blockchain applications have only just begun.<\/p>\n<p>\u201cHow is data stored on the blockchain?\u201d Marlow asked.<\/p>\n<p>Tiwari explained that there are blockchain miners whose work secures the network and stores its data.<\/p>\n<p>\u201cEvery 10 minutes, there\u2019s a competition on the Bitcoin network. And the network will put out a very difficult math problem. And then all these miners around the world, they use their mining rigs \u2013 their computers \u2013 to try to solve that math problem. A byproduct of them attempting to solve that problem provides security for the Bitcoin network. So, at the end of that 10-minute period, somebody will win. And then what happens is they receive as a reward: the network issues them Bitcoin,\u201d he explained.<\/p>\n<p>\u201cThat competition happens every 10 minutes,\u201d he continued. \u201cSo that block of information is where that is stored. And then that block of information gets secured. And then everybody starts working on the next block. And then that second block gets added to the block before it, and so on and so on and so forth. And that\u2019s why they call it a blockchain \u2013 it\u2019s because it\u2019s [updated in] these 10-minute blocks of information.\u201d<\/p>\n<p>Tiwari noted that the Ethereum network is updated in new blocks every 15 seconds.<\/p>\n<p>\u201cHow do you become a miner?\u201d Marlow asked.<\/p>\n<p>\u201cIn order to mine Bitcoin, you need a highly specialized machine that uses these computer chips called ASIC,\u201d Tiwari said. These ASIC (application-specific integrated circuit) chips are programmed to solve complex problems. Blockchain mining requires lots of ASIC chips and access to electricity. \u201cSo, you need cheap power, and you need a lot of equipment\u201d to be a miner, he said.<\/p>\n<p>Tiwari explained that each coin has its own blockchain with its own characteristics. As subscribers of Tiwari\u2019s <a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620450\">Palm Beach Letter<\/a> know, the most innovative blockchain is the Ethereum blockchain because it was designed to allow other projects to build off it for real world applications. To give an example of these applications, Tiwari noted how blockchain technology can be used to verify quality control at each step of a product\u2019s supply chain in a way that can\u2019t be faked or retroactively edited. In essence, the blockchain creates an \u201cimmutable record\u201d to prove that what was supposed to happen did happen.<\/p>\n<p>The possible future applications of blockchain technology are nearly limitless, which is why the financial world is now fully engaged with this innovation, as Tiwari\u2019s <a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620449\">PickoftheDecade.com<\/a> presentation explains.<\/p>\n<p>Marlow noted that Breitbart News has been a pioneer \u201cat the forefront of the decentralized internet,\u201d and now the blockchain is at the forefront of a decentralized currency model. And what\u2019s more, there is an \u201canti-establishment\u201d quality to the blockchain that appeals to the Breitbart audience, Marlow said.<\/p>\n<p>\u201cIt\u2019s definitely true,\u201d Tiwari agreed. \u201cThere\u2019s an application of blockchain technology called decentralized finance. And this went from zero to being a $100 billion business in less than two years. The growth has been incredible. And what we\u2019ve seen is really smart projects figure out new ways of using blockchain.\u201d<\/p>\n<p>We can expect to see more of these applications \u201ceating into different areas of traditional banking,\u201d he explained. One such decentralized finance project that has Wall Street players particularly worried is the trading of blockchain-based synthetic stock versions of stocks like Apple or Tesla.<\/p>\n<p>\u201cThis is freaking out the global stock market players,\u201d Tiwari said. \u201cI mean, they are losing their minds. They\u2019re putting all kinds of pressure on any platform that is allowing any kind of trading of stocks because that\u2019s their bread and butter. Can you imagine if all stocks now trade peer-to-peer and we don\u2019t need Wall Street? They make hundreds of billions of dollars in fees \u2013 both on trading fees, commission fees, front running our orders, selling our orders. They make so much money from that.\u201d<\/p>\n<p>What\u2019s more, Tiwari explained, the kind of fraud that is endemic with Wall Street stock exchanges is impossible in the decentralized and transparent world of the blockchain. Unlike Wall Street stocks, there is no way to short a blockchain-based stock \u201cbecause every share is accounted for on the blockchain.\u201d<\/p>\n<p>Tiwari\u2019s <a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620450\">Palm Beach Letter<\/a> updates investors on the latest innovations in crypto and decentralized finance, which is only just getting started.<\/p>\n<p>\u201cThe blockchain is going to continue to find its way into different areas of our lives the way the internet did in 1995,\u201d he said.<\/p>\n<p>Tiwari mused that a person in 1995 might have thought that the internet would have no bearing on their life. But now in 2021, the internet is intertwined with every aspect of our lives.<\/p>\n<p>\u201cYou can\u2019t escape the internet. The same will be true of blockchain \u2013 except the adoption of blockchain will be much faster. It won\u2019t take 25 years,\u201d he said.<\/p>\n<p>He believes the ubiquity of mobile smart phones, which is \u201cthe equivalent of a supercomputer based upon what we had 40 years ago,\u201d will \u201caccelerate tech adoption\u201d of the blockchain \u2013 with every smart phone user having a digital wallet and various blockchain-based applications on it.<\/p>\n<p>\u201cThe adoption [of blockchain applications] is going to happen much, much faster than what happened with the internet \u2013 because with the internet, we had to build the whole infrastructure that never existed before,\u201d he said. \u201cNow we have an infrastructure to piggyback off, which is why I call this the <a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620449\">trade of the decade<\/a>.\u201d<\/p>\n<p>Anyone interested in learning more about this revolution in finance \u2013 and how to maximize your benefit from it \u2013 should watch Tiwari\u2019s <a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620449\">PickoftheDecade.com<\/a> presentation.<\/p>\n<p>\u201cOver the next 10 years, I think the value creation will be astronomical,\u201d Tiwari said. Subscribers to the <a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620450\">Palm Beach Letter<\/a> can get ongoing information on how to harness this potential.<\/p>\n<p><strong>Sign up to receive a full 12-month subscription to Teeka Tiwari\u2019s Palm Beach Letter\u00a0<\/strong><a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620450\"><strong>HERE<\/strong><\/a><strong>. Do your own homework and watch his presentation now at\u00a0<\/strong><a href=\"https:\/\/secure.palmbeachgroup.com\/?cid=MKT583247&#038;eid=MKT620449\"><strong>PickoftheDecade.com<\/strong><\/a><strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The following content is sponsored by the Palm Beach Letter.\u00a0 With the rise of cryptocurrencies as this decade\u2019s must-have investment, it\u2019s important to understand the blockchain technology powering the crypto<\/p>\n","protected":false},"author":502,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1393305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1393305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/502"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1393305"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1393305\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1393305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1393305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1393305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}