What is the Blockchain Ecosystem?
Decentralized economy with a blockchain ecosystem that includes: Crypto currency, smart contracts, financial services with real sharing economy and more. The way of the future of shared prosperity and wealth creation in now with cryptographic digital assets in a blockchain.
What is Blockchain
The ledger stores all transactions and each transaction creates a block chain with a timestamp and public for everyone to see. This makes the blockchain unhackable which makes it infinitely more secure than any other system we have ever had.
How Digital Money works
Crypto currency works without an intermediary or centralized system. Blockchain is the most effective Trust protocol to date because it is directly done pear to pear trusting each other by collaboration, cryptography and complex codes instead of a third party centralized ecosystem.
What is Internet of Value
We are in the new age of the “Internet of value” which in a vast global distributive ledgers running in millions of computers available to everybody where trust is earned by working pear to pear and transact money, intellectual property, music, real estate, smart contracts, voting, etc that can be stored, move, transacted, exchange and managed all in the blockchain ecosystem without powerful centralized intermediators.
Example of Applications for blockchain ecosystem
- Prosperity for everyone.
- Equality for all.
- Democratizing wealth creation and include everyone in the economy.
- Distributed applications owned by everyone that participates in the application (instead of owned by a corporation like uber, airbnb, lift, etc) because they are NOT sharing the economy, they package a service and monopolize it to sell it to others.
- Block-boxes are owned by each individual and you can take it with you everywhere.
- Privacy 100% as the blockchain doesn’t expose any personal information.
Centralized system - current and soon to be old system
- Internet of information – copy of the info like a document or email, only a copy is sent not the original.
- It takes seconds to send an email but it sends only a copy of the information.
- Banks take days or weeks to send money to another country while they take 10 to 20% to be the intermediary.
- Monopolizes all industries and most people get crumbs for their work.
- Only a few become wealthy.
- The majority is poor.