Trend For The Next Decade!
What is the Blockchain?
Ever since Satoshi Nakamoto released the white paper for Bitcoin in 2008, the idea of a decentralized network was made available to the public through the blockchain.
The blockchain is a peer-to-peer, public (yet anonymous) database of transactions that can be downloaded by anyone in the world and maintained by anyone.
Blockchain technology eliminates the need for trusting a third-party, like a bank or centralized company that can manipulate and influence their respective market and ecosystem to meet their own desires.
With this new technology, online payments can be made from one user to another directly, without the need for a central authority, and can be done almost instantly.
How is Bitcoin’s Blockchain Network Maintained?
Despite the blockchain being trustless, users must be incentivized to maintain and protect the network from attackers and parties that may not want to play by the rules.
This is completed by an algorithm called “Proof-of-Work.” This enables a digital signature and timestamp on transactions to avoid double-spending, and also acts as a way to authorize activity on the blockchain network.
These actions are completed by people from all over the world that are running the software. There is no central company, server, or person controlling Bitcoin’s blockchain.
It is controlled by anyone who runs the software. These people are called “miners,” and they use the processing power from their CPU, GPU, or specialized devices to contribute to the network by solving mathematical calculations to authorize transactions.
The processing power is called “hash rate,” or “hashing power,” and it is the term used to measure a user’s power on the network.
As each miner solves complex mathematical calculations and authorizes blocks that store the transactional data, a reward in Bitcoin is given to those who contributed. This incentivizes the miners to work on the blockchain network and continue maintaining it.
What is the Hash Rate?
“Hash rate” is a term used frequently in the Bitcoin community to measure the speed of the machines working on solving complex algorithms that generate bitcoins.
This uses considerable amounts of electricity, and as it gets more difficult to generate bitcoins, more power and speed/hashes are needed.
Higher hash rates mean a better chance of the computer finding the next block of transactions and receiving the reward.
It’s why when our top cryptocurrency stock suggestion, HIVE Blockchain Technologies (TSXV: HIVE & US: PRELF) announced that they were going to increase their hash rate by 70%, the stock nearly doubled!
HIVE is a computer mining company that powers the blockchain. The blockchain is what has every Fortune 500 company’s attention, as well as a few others, like the Department of Defense and Homeland Security.
Why is it Called a Blockchain?
As stated earlier, the blockchain is a peer-to-peer database. In Bitcoin’s case, it is a database of transactions that are stored in blocks. Each block is linked and can be traced back to the first one, which is called the “Genesis Block.”
This helps ensure each block is valid and the network is not compromised, enabling a trustless network for payments.
The blockchain can be designed to be much more than a payment network. It can be programmed to fulfill numerous tasks, such as data storage, application development, and you can even create a new Internet-based economy with more security than the one we have now.
Many are calling the blockchain the ultimate disrupter, or Internet 3.0.
In our own analysis, this is like investing into the Internet in the late 1980s.
Our Recommendation: Consider shares of HIVE Blockchain Technologies (TSXV: HIVE & US: PRELF).
This is, without a doubt, the easiest and best way to participate in the blockchain revolution, in our opinion.
The company both produces new cryptocurrency and hoards it, including coins like Ethereum, whose platform is used by companies like Intel and Microsoft!
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Never base any decision off of our advertorials. Future Money Trends stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. We are long HIVE Blockchain Technologies and have received options directly from the company. We are also in the process of buying additional shares. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at FutureMoneyTrends.com
FMT LLC has been compensated two hundred and fifty thousand dollars Canadian for a three year marketing agreement paid for directly by the company. We have also received additional payments in the same amount for Portfolio Wealth Global LLC, Wealth Research Group LLC, and Gold Standard Media LLC. All of which are owned and operated by Future Money Trends LLC.