Hashing & The Blockchain Technology

The 1st thing I want to tell you about is something that is called "Hashing" in short. People use something that is called an Algo that is short for Algorithm, it's a computer program that encodes something that you want to be sure. That people can't read very easily the most common way in the past is secret messages in times of war... 

 

As in the video people did find ways to break the encoded information, Now of days, we are doing the same... But it's not to stop an attack on your side from the bad guys it's a way that people can use to make sure a new technology that is pretty fast and secure that will work... Because there is only one right code that we call a Hash and it's a race to find the right hash in cryptocurrency mining... Because if your group find the right hash 1st you will get digital gold and the fees that people pay to move there cryptocurrency around...

That is the basic part of something that we call the blockchain which is a Distributed ledger. From "Wikipedia.com" A distributed ledger (also called shared ledger) is a consensus of replicated, shared, and synchronized digital data geographically spread across multiple sites, countries, or institutions. A good thing about the blockchain technology if there is a war in one or more countries the system will continue to run and the information is very hard to modify... Because you are doing it in front of lots of fast computers that are making sure what you say is true or not and they are doing it... With Hashing, that means they are guessing at this time estimated with bitcoin mining the system is doing about 4,500,000 trillions of calculations per second all the time...

This was from blockchain.info

With today's hashing the block before the one you are working on at this time, does give the hash code from the one before that and all of the transactions that were made in the time period "with Bitcoin they are 10min blocks all the time, if gets faster or slower the system will make it harder or easier to make it back to the 10min block time" 

This video will help you understand what is going on and the opportunity's that mining has for you...

 

If you want to get into Bitcoin mining you can start with this mining company, The price does change over time... They are getting you the best price for the hashing power at this time you will be paying about $16.35USD per 100 GH/s... Or if you want to mine Bitcoin or other cryptocurrencies this mining company maybe a good place for you, They use "green energy" for their mining and their contract starts at $30USD for an open-ended mining contractor if you want to have a 2 year mining contract... With Monero Mining for 2 years, it's starting at $50 USD... Please read over their websites for more info... As you can see it doesn't really cost you too much to get started in this new opportunity...

So get started today if this makes sense to you or if you need help just send me a note at Just.residual@gmail.com

But the blockchain technology it's just not a fast safe way to move your money around, I have been listening to a book at that is called "Blockchain Revolution" and there are other use cases for this technology... In the book they give examples some of them is you can vote on who gets into office in the next elections or you own your own house and your property... Much more is in the book if you are at all interested in this idea, I highly suggest you get your own copy... But one thing they do suggest in the book is if the blockchain technology will survive into the future... We must take care of it now and with all of the great opportunity promises, the future will be a great one... If the tools are used in the right way... Also in the book, they do give a list of companies and ideas that you may be able to take advantage of... Or at least take note of what they are doing and become a user of the idea...

For this article, this is my understanding of what is going on and may change over time... I'm also on youtube talking about this...

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If you want to discuss this post you can leave a comment or you can email me at just.residual@gmail.com I'm up to chat... You can read about me hear

Note: This is for educational purposes only and no information on this blog/site is a recommendation for you to BUY OR SELL any securitys on any stock exchange or a private security at anytime for any reason... Please do your own research and based your opinion on your own, I'm just showing you what maybe you should look in to and for me to take a look at my past experiences...


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