Velkro
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January 22, 2019, 04:33:12 AM |
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blockchain is a decentralized and secured technology for transaction or transfer currency all over the world. But is it possible to stop one day or its forever?
Its as long as people want it to be. You could ask, if gold will remain as valuable asset in people's mind or they will stop to use it/see it that way in future. Noone knows that really, but i doubt it that Bitcoin will move anywhere in coming 100 years.
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Ezenwanyi1
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January 22, 2019, 07:55:13 AM |
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Blockchain as a decentralized structure has come to stay. Blockchain technology is actually the future of payment irrespective of what is going on in the Cryptocurrency market now. The fact is that the blockchain technology will not die as long as the world exists. It's potential for the success of any business in the future.
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kaisa
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January 22, 2019, 09:16:40 AM |
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The blockchain is a distributed recording technology so that the distribution of records will always be continuous, but at least there must be a minimum confirmation of recording, at least 3 confirmations which will then be broadcast to the next chains. The more new networks automatically the more records on the blockchain, so the blockchain will continue to flow like water.
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coingecko
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January 22, 2019, 10:09:16 AM |
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Blockchain seems to be here for the long term, but it will improve to be more scalable in the long run. blockchain size will be so light that everyone with a mobile phone will be able to mine it without affecting daily usage. Hardware technology will definitely improve along with software technology, like how 20 years ago, a huge server could only store 128mb of storage, today a thumbdrive can store up to 1tb.
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DigitalCyberius
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January 23, 2019, 04:08:44 AM |
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That's a very interesting question. Obviously, it can't be "forever". However, look at most other technologies in the past. Bows were replaced with firearms, all paper currencies in the past have failed and lost the majority of their original perceived value, Telegraph was replaced with telephones, and telephones have been largely replaced with cell phones and now smart devices. The way we've dialed phone numbers has changed. Typewriters to keyboards and wordprocessors. Etc, etc. Blockchain is interesting, and the concept may stick around for a long time, it may even become deeply embedded into everyday life or into certain industries (of course it could also be forgotten and/or replaced). One should look into upcoming technology, such as quantum computing, and see if it poses dangers to blockchain technology, or if the two could be combined somehow to create a combination of both.
Have a good day, The Cyberius team.
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jakezyrus
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January 23, 2019, 06:00:05 AM |
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blockchain is a decentralized and secured technology for transaction or transfer currency all over the world. But is it possible to stop one day or its forever?
If miners will stop to mine then there will be a day for bitcoin or cryptocurrencies to stop or has an end in the future. ~ blockchain tech. isnt all about cryptos so even you say that miners will stop , other blockchain service can still run with or without human supervision . blockchain really is unstopbale though people have restriction to access it when the times that internet is not availble or if theres no power source because being online is the main habitat of blockchain technology
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Gazaaaaa
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January 23, 2019, 09:38:30 AM |
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"Blockchain" get issues not just for its latest but its transparency and integrity. These factors are enough to attract human's needs. The world eventually are progressing to more better society. Therefore, i think Blockchain might be replaced one day by more greatest technology but it won't stop easily
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YOSHIE
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January 23, 2019, 10:32:59 AM |
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blockchain is a decentralized and secured technology for transaction or transfer currency all over the world. But is it possible to stop one day or its forever?
What I know is that the Blockchain system is cryptographically protected so that the timestamp on the document cannot be damaged or backed up, it is very safe. About BlockChain Technology is designed in modern technology systems, data encryption is very strong and can only be read and added, but cannot be changed, protected by cryptography encryption that cannot be edited, BlockChain develops without depending on centralized servers. Therefore BlockChain avoids the risk of downtime on the server. Centralistic blockchain systems become decentralized, so the blockchain will not die or disappear along with the technological sophistication of the world today.
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sclmte
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January 23, 2019, 09:40:25 PM |
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blockchain is a great technology in the country and it's also a decentrilized blockchain for everyone, and it's also a secure well-organized currency. but a blockchain seems to consist of a never ending process but we can not say that everyone has an end but we just do not know when it will be lost forever or temporarily. we should prepare it for sometime because we do not know that blockchain techonogy will disappear shortly.
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FedorIzmailov
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January 23, 2019, 10:42:07 PM |
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I think that blockchain can be stopped only when the Internet disappears around the world. probably this can happen only because of the apocalypse
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AimHigh
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January 23, 2019, 11:01:51 PM |
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Yes it is possible that blockchain will stop soon because their is no permanent in this world but we need to trust blockchain. If we can see blockchain is a great new update of technology for data and for sure it consume many years before of stopping happen because many of company was now using blockchain even banks.
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Smithsuman
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January 25, 2019, 09:06:47 AM |
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blockchain works a transaction is placed in a block by miners who are special nodes. The computers in the network holding the Blockchain are called nodes. Miners place transactions in blocks in response to proof of work challenges. ... Cryptography is essential on Blockchains to thwart thieves who would like to hack into the Blockchain
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shesheboy
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February 02, 2019, 02:16:32 AM |
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No one can tell for the now but as time goes on only when the internet goes stops working or functioning then there will be no more blockchain and also it may also advance to an extent where we may even lose count
That wont happen because internet is super important to humans . many jobs and business rely on internet . electricity is the second important thing that are impossible to stop . do you notice that there are now generators ? Because even when blackouts or brownouts occur . the electricity and internet will always continue to run without interuptions . so as the blockchain . thats it, blockchain really is a never ending process .
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elda34b
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February 02, 2019, 04:01:25 AM |
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Blockchain is having a great influence on the world and most people are putting their faith in this technology very large because it can be applied in many different areas. Currently the world's major banks are using this technology to change the world better
Stop quoting like this. Your reply and what you've quoted doesn't have any correlations. Bitcoin is the king of blockchain, how ever when bitcoin at higher price all of altcoin and crypto have higher price, we can take care about how blockchain at the future, but we need support how to make bitcoin have higher price every time.
What does king of blockchain means? Seems like people view Bitcoin as some sort of cult leader. Anyway, just because something is priced higher than the other doesn't mean it is the "king", for example: BCH/XRP.
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rosepetals
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February 02, 2019, 02:17:02 PM |
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blockchain is a decentralized and secured technology for transaction or transfer currency all over the world. But is it possible to stop one day or its forever?
I think bitcoin is a never ending process and it can last long because as new adoptors accept the existence of the blockchain technology new generation would find ways in making it more effectively profitable and more user friendly.Possibilities would be that the chain will continue up to the youngones or the the new age of adoptors.
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plvbob0070
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February 02, 2019, 04:18:37 PM |
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blockchain is a decentralized and secured technology for transaction or transfer currency all over the world. But is it possible to stop one day or its forever?
Every transaction made are being added to the chain so it really shows that blockchain is a continuous and an endless process. Technology continues to grow and improve day by day, so does blockchain has a big room for improvement. It will continue to develop as technology continues to develop. As it continues to improve, people will be more dependent on it.
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romero121
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February 02, 2019, 04:29:57 PM |
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Truly blockchain is a never ending process, because the data gets added to the ledger. This keeps going on and this chain keeps going. Though there are different blockchain platforms, each has got its unique value in terms of processing, block addition, data retrieving. As the technology is new and in its adoptive stage the chain keeps growing forever.
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crwth
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February 02, 2019, 05:57:27 PM |
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I think, the blockchain transaction won't stop forever, even every day it will continue to increase technology will be increasingly sophisticated and will simplify blockchain transactions worldwide
Maybe you are talking about something else. The blockchain transactions didn't stop but it can, once no one will mine it. As more and more people goes into this technology the more unlikely that it will stop. If that happens though, our life won't be enough to witness it, and it would take a lot of transactions to do that, like what others said in this thread.
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tyz
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February 02, 2019, 06:23:04 PM |
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Bitcoin is the king of blockchain, how ever when bitcoin at higher price all of altcoin and crypto have higher price, we can take care about how blockchain at the future, but we need support how to make bitcoin have higher price every time.
Bitcoin is just a use case for the blockchain. The blockchain itself is much more than just Bitcoin and the further development and chances for success of blockchain tech do not depend on the price of any crypto coin.
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seoincorporation
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February 02, 2019, 06:41:55 PM |
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blockchain is a decentralized and secured technology for transaction or transfer currency all over the world. But is it possible to stop one day or its forever?
It was made to run forever, even when all the bitcoins get mined it should keep running for fees reward. Since mining is a business then there is not a good reason to stop it, so, while we have electricity and Internet, there will be a blockchain application running in the network.
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