What is Bitcoin? What is Blockchain?

Because there are people after Mike asked many people. I do not know why. Today, I want to summarize a lot of home language. The human general to understand this more (some)

1. Our world today. Time to transfer money to where. Withdrawal / deposit / transfer / payment The bank is the only thing that will guarantee us that the actual transfer is actually withdrawn, then we believe it, because the bank will issue a statement (that is, the slip or statement itself). The service fee depends on the bank that it will be very expensive 555.

2. Until the crisis in 2008, America's dollar price plummeted. It's a good idea to solve the problem by saying that. The money goes to the system, so everyone will have money to spend or to buy a 555 without having to guarantee it. Pump it up anyway.

3. This happens. I do not know what else to do. I do not know what to say.

4. So what do people think that I can trust with the government-controlled financial system? I would like to spill money up. It is not like that to get out of the bank to say that this is real money to take the debt. Our debt is lost. It's a good idea to have a look at it. How many people do you want?

5. Finally, there are people named Satoshi Nakamoto said that do not you? What is the cost of transferring money across the country? To save money, we used to eat the old. I'm not sure Because of that, you printed out the new money until inflation reduced the savings to the end, so here I open the card to crouch.

Blockchain Technology and Bitcoin Money !!!

1. Just say it again. Mr. Satoshi set up the Bitcoin money on the Internet and instead of bank transfer. Use Blockchain technology as a system to transfer money to each other.

2. Now understand that Blockchain technology, this is why you take it. Remember that we usually transfer money. There is only one bank that can have documents in hand. We know that we have enough money to transfer and then we transfer to tell the destination account. The other side has enough money. And then transfer to the destination. The bank also charges the end of the deal.

3. But Blockchain technology is open to everyone to have the account information that is all Public, that we can know and check all that account. How much money do you have?

4. How will we confirm the transfer? How reliable are you?
   That is the coolness of this technology.

By this technology. The data is arranged in blocks. Assuming that Mr. A will transfer money to Mr. B 1, the system will announce that Okay Mr. A will transfer to Mr. B 1 baht, everyone will check. If Mr. A has more than 1 Baht to transfer, if more than everyone will announce that OK, the transfer will happen. If you do not know what you are talking about,

You can see that Mr. A no cheating will not transfer or not enough money to transfer it. Because everyone is public information, we can shake it from the first. A how much money? And if money is not enough, everyone will say that Mr. A's money is not enough, the transfer does not happen anyway. And will not be recorded in Block of data

1. Simply put, Blockchain is a technology for storing data. The block is a string. Each blog has a set of links that can be linked to the previous blog. So it's called Blockchain simply.

11.Blockchain Not only for financial systems, but for financial systems. Blockchain can replace and use less resources than any other centralized one.

Imagine we insure Have many documents We can store these data in Blockchain instead of using the document. It's time to claim. You do not have to ask for paperwork or find a department number. Whether the system is already in place or not, it may be used to track items such as tracking the route of each fresh food. It will immediately know what raw materials were sent out from any farm, sold to any customer, expired date. If there is a problem with the product. I can go to the source immediately. How come from that?

All data recorded in Blockchain can not be deleted. Because everyone has this information in hand. If it is deleted, it must be deleted by everyone, which is not possible), and can trace all the records of the backdrop easily and transparently.

1. As far as we can see, we can understand that Blockchain is a technology to store data. By giving everyone the same set of documents. When they are updated, they will update together. This technology can eliminate the intermediary to transfer the bank completely. We will transfer money to anyone who does not need a transfer fee. No need for the bank to confirm the success of the transfer. Because everyone in the system to help confirm the accuracy of the information. I believe that another bank. I do not cheat.

2. Back to Bitcoin to go very far 555555
   Bitcoin is a digital currency. Was created with computer language. No one owns Bitcoin, no shape, and can not be tampered with like a banknote or a Thai coin. Mr. Satoshi has written a code to confirm Bitcoin's transaction as your algorithm.