Not any technology could drag Blockchain technique back starting from 2008 till now. It has been a matter of any tech-conferences and formal discussions due to its functioning. In recent years, cryptocurrencies’ popularity increased with a considerable fraction. Many of the developed businesses find it beneficial to make an investment in it and also accept Bitcoin as a method of payment. Some of them are Reddit, PayPal, Dell, Microsoft, and Expedia, etc. It’s very hard to avoid the concept of cryptocurrencies nowadays and would be impossible to ignore in upcoming years. That’s why everyone should get aware about the cryptocurrency and Blockchain technology to go with the advancements. There is a vast range of attributes to explain the Blockchain technology 2.0.
TCP/IP & BlockChain
TCP/IP was generated to connect two or more than two computers to connect and communicate using the internet. The introduction of TCP/IP unleashed new ways to recreate the internet. After the successful implementation of TCP/IP protocol, BlockChain protocol came into existence that keeps of repeating the TCP/IP procedure again and again but by inducing some alterations. So it can be said that TCP/IP is a communion protocol whereas Blockchain is value-exchange protocol.
Bitcoin which is the first ever cryptocurrency, and based upon Blockchain technology is clearly an open-source technique. Because blockchain offers completely decentralized and dispersed ledger which promotes transparency. In a blockchain, every transaction is recorded in a chain of blocks connected with each other. The main difference in between blockchain and other internet facilities that transfer information is; all the other techniques send data in the form of whole content which is very easy to be counterfeited. But in the blockchain, any data can be transmitted in the form of particular code, whose key can be acquired by only sender and receiver. In this manner, blockchain establishes peer-to-peer networking.
Blockchain provides us access to all the data generated due to the transactions, clicks, searches and website visits made by us. This information is being collected in the form of blocks which are protected via cryptography and recorded chronologically. No one can track these blocks of information, so intruding is next to impossible.
All the primary social media platforms that we use generally don’t provide us direct access to their website. Intermediaries get involved in these procedures and therefore there exists more chances for our accounts to be hacked. But in the case of the blockchain, it’s completely different. Blockchain provides fully decentralized access to transactions, that’s why an
operation completely undergoes as per the sender and the receiver. The funds being transferred can be assumed to be under a locked bag whose key can be acquired only after solving a mathematical puzzle. It can only be performed either from the sender’s end or receiver’s end. That’s why this technique is 100% safe. In this manner, blockchain creates peer-to-peer (P2P) networking to share information.
Blockchain removes interference of all the government bodies, and that’s why you do not need to be dependent on any third party to make a transaction. Removal of all the third party interruptions reduces transaction fee to a considerable amount.
Blockchain can give new definition to the conventional financial system of the world by introducing truly advanced features. The best one out of them is decentralized transactions. Blockchain stores all the transactions’ data in a public ledger that is being updated on a real-time basis. One can have all of his/her data at a single place, so there’s no need to maintain big files and then try to keep them confidential. Because blockchain provides a solution to each problem like this. Transactions can be made from any country to another country in comparatively smaller time and with more ease.
In the medical or healthcare department also, all of the records can be stored in a blockchain in a decentralized manner where no intermediaries would be involved. This stored data can be accessed anytime when needed.
In real estate sector also blockchain may prove to be an excellent solution provider. One can sell his/her property quickly by registering on a particular blockchain platform and then get payment through this only without any interference of government and thus, the deal can be made in the least transaction fee.
“Blockchain acceptance will prove to be beneficial for almost all the areas of operations because its usability tends to infinity. We will not exaggerate if we say blockchain; “The Second Google.”
Rilcoin is a cutting-edge crypto technology-based, fully decentralised crypto-currency, which actually has all the benefits of fiat currency as well the freedom and anonymity of a crypto-currency. Rilcoin is a part of an Asset Management System (AMS).
Using #Rilcoin, Investors can buy or sell assets through the asset management system (AMS), which facilitates ownership of a single asset to be owned by several investors at the same time. The world is changing and technology works as a catalyst in this process. All most all business segments are getting modified as a result. The way businesses operate today will not happen in the near future. To name a few, Agriculture, Energy, Technology (IoT), Manufacturing & Logistics, Real Estate and much more will evolve with time. Our vision is to take this opportunity and create a platform to distribute it across the globe. The assets all over the world can be owned by the people without any social or geographical barriers and design a payment system so flawless and robust to support the infrastructure based upon block-chain technology.
With Rilcoin, a revolutionary improvement in blockchain technology and cryptography now enables common people to use their smartphones, smart TV, Smart IoT devices for becoming a part of the new type of blockchain a.k.a Tron-chain.