THE CONCEPT OF ALGORITHM IN BLOCKCHAIN | BY BLISSUJU - 10% TO THE COMMUNITY ACCOUNT

It is a great privilege to be here again people and I believe every one is just great. I will be talking about a great topic today which I have tagged the concept of algorithm in blockchain. This is a beautiful topic that I want to share with everyone present today.

The decentralized system has made everything so wonderful today where we get to see diverse features on the blockchain which makes everything so great and colorful.

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If we could noticed that the centralized system of operation is quite different from the decentralized. In the centralized system, the authorities get to login to our personal details even without asking for permission and this is because they control the system.

We have seen cases where by a user account is been frozen due to certain reason ans this act is always carried out without the notification of the user and this is because the centralized system watch and monitor all users accounts.

The concept of privacy was brought in by the decentralized system found on the blockchain which assist users to take absolute control of all transactions that are carried out in their account and they are responsible for all operations performed.

And that is why we are been given several password in algorithm which can only be accessed by the right full owner of the account, now it is important that we know what the word algorithm is all about.

WHAT IS ALGORITHM IN THE BLOCKCHAIN

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Algorithm is a combination of alphabets and digits which are brought together to creat a password that is specifically made for a particular function.

The initiative of algorithm in blockchain is a plus to users in cases like account theft. The password are made in an algorithm form which can not be guessed so easily in fact it is more like impossible to do that.

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This setting was done to promote privacy and limit theft activities. We can notice that the centralized system is not privatized because our cash flows are always monitored my respective individuals that are been set aside to monitor cash movements, which I don't think is a great idea.

Now with the algorithm system in the blockchain, we as users are now relieved because we are sure that what ever transaction that we make on the system can only be seen by the user of such account.

The concept of algorithm in the blockchain has helped a lot of users in attaining privacy and have full charge of their account, with algorithm you can only see your transactions without any one's interference and that is the whole idea.

The introduction of algorithm in the blockchain has gone a long way in not just securing an account but also to provide privacy which promote individuality on official motto.

Thank you all for your time, we will meet sooner.