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Tamer Nabil - بتاع البيتكوين
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What is special about encrypted digital currencies?The real secret behind the success of encrypted digital currencies is simply the success of the blockchain system, and this is information that every beginner in the field of encrypted currencies must know and understand well. Blockchain is simply the database system on which encrypted currencies are based, and any database system whose role is to record all the balances and transactions of the currency. Each currency has its own blockchain, but any token can be created on an already existing blockchain, and this is the difference between the currency and the token. By the way, the important thing is that the real revolution behind the success of cryptocurrencies is the success of the blockchain system, its excellence and its safety. Let us simplify the meaning of blockchain so that all people understand it, because it will translate a lot of things for you. We said that encrypted currencies can be likened to paper currencies as a means of payment, so the blockchain can be likened to a bank in which all the transactions of this currency, its wallets, and its balances remain, but the difference is that instead of in paper currencies, all your information is present in one place, which is your bank, and vice versa. It is done in encrypted currencies and recorded on the blockchain, which is a decentralized system, meaning the blockchain has an exact copy of it on hundreds of thousands of devices in the world, so it is difficult or even impossible for it to be forged except for the high speed of transmission and reception, and of course, and finally, the complete security that exists in the blockchain and from Here came the blockchain revolution, including the revolution of cryptocurrencies, which is one of the very many applications made on the blockchain or by using the blockchain. In the upcoming articles, we will talk more about the blockchain and its other applications. #بلوكشين #blockchain #cryptocurreny

What is special about encrypted digital currencies?

The real secret behind the success of encrypted digital currencies is simply the success of the blockchain system, and this is information that every beginner in the field of encrypted currencies must know and understand well. Blockchain is simply the database system on which encrypted currencies are based, and any database system whose role is to record all the balances and transactions of the currency. Each currency has its own blockchain, but any token can be created on an already existing blockchain, and this is the difference between the currency and the token. By the way, the important thing is that the real revolution behind the success of cryptocurrencies is the success of the blockchain system, its excellence and its safety. Let us simplify the meaning of blockchain so that all people understand it, because it will translate a lot of things for you. We said that encrypted currencies can be likened to paper currencies as a means of payment, so the blockchain can be likened to a bank in which all the transactions of this currency, its wallets, and its balances remain, but the difference is that instead of in paper currencies, all your information is present in one place, which is your bank, and vice versa. It is done in encrypted currencies and recorded on the blockchain, which is a decentralized system, meaning the blockchain has an exact copy of it on hundreds of thousands of devices in the world, so it is difficult or even impossible for it to be forged except for the high speed of transmission and reception, and of course, and finally, the complete security that exists in the blockchain and from Here came the blockchain revolution, including the revolution of cryptocurrencies, which is one of the very many applications made on the blockchain or by using the blockchain. In the upcoming articles, we will talk more about the blockchain and its other applications. #بلوكشين #blockchain #cryptocurreny
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