The internet has changed everything in our current life, could Blockchain technology do the same?

Yes, 100%! Here is what the blockchain represents and how it works:
To send money to someone, we all need to go through an intermediary, whether it is a bank or a transfer agency.

In other words, we send a request; we will consider it as an information. This information has to be verified, authenticated and validated and then sent by a central financial system to finally arrive in the bank account. It takes time and of course money.
Blockchain is a technology that does not belong to anyone, it aims to decentralize the financial banking system,
making money transfers easier and directly sent to the recipient without this central control by replacing money notes with virtual currency, called Cryptocurrency (Cryptocurrency), to be more specific: THE BITCOIN!

Would you like to know more about the process? Here is an example:
Rita, who lives in New York, would like to send money to Amine who is right now in Sydney. A bank transfer or a transfer via a money transfer agency requires:

• • Payment of transfer fees
• • Time for processing the request
• • The deadline for crediting the beneficiary account

With the blockchain, Rita could send money to Amine without going through the traditional cenral financial system, by making a transfer request, which will be validated and sent to Amine immediately and with no fees to pay at all.

How?

Rita's request or transaction is considered as an information in the Blockchain. Rita transmits the information that is stored, displayed and distributed on a database accessible and visible to all users of this technology.

Visible to everyone?!

Visible to everyone, yes! All Bitcoin transactions are public and anyone can see everyone's transactions! BUT no one can see who it is. Each user has a Bitcoin wallet, with an encrypted address that they use to make these transactions anonymously, without needing to reveal their personal information or their IP address.
Each transaction is integrated into a block, other Blockchain users must verify its validity, and this is done immediately thanks to the miners available 24/7 to ensure the mining of Bitcoin as well as other cryptocurrencies. (More Articles will be published soon with more details).

What is a miner and how is cryptocurrency mining done?

A Miner is the one who validates Blockchain Cryptocurrencies transactions. He must absolutely have high performance equipment, which requires advanced installation and very high electricity usage. And that's why Bill Gates, founder of Microsoft and co-founder of Bill & Melinda Gates, which is an NGO fighting against global warming, is against this technology.
Unlike Bill Gates, Elon Musk, Founder and CEO Tesla and Space X and now ranked 2nd on the Forbes World's Richest Personalities Rankings, is a big supporter of cryptocurrency. We can even say that it is the biggest promoter of cryptocurrencies and especially DOGECOIN.
Mark Zuckerberg founder and CEO of Facebook, which has around 3 billion active users, has even planned to launch his own cryptocurrency: LIBRA !

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