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$GAHC When I was first learning about the Company

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Post# of 338555
Posted On: 06/24/2016 9:32:21 AM
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Posted By: Lets Roll
$GAHC When I was first learning about the Company I was confused on what Blockchain is and how the technology can drive elections. Blockchain—a word you have likely heard, but may not fully understand. What is it, really, and why do people care? Blockchain, on its own, is a simple concept: it is a network comprised of nodes that cooperate with each other. When a new transaction occurs, copies of that record are sent to other nodes in the network for verification. Records cannot be added to the “ledger,” until approved by a consensus of the majority of the verifying nodes in the system. Verified transactions are added to public record as a block, and once there, they cannot be changed or deleted. In other words, these are certain, verifiable records that cannot be hidden or sabotaged. Additionally, the distributed consensus does not involve sharing confidential details or even the identities of those involved in the transaction, ensuring user privacy. With that in mind, several companies have begun to test the limits of blockchain beyond bitcoin, to try to identify the ways this innovation can be put to good use.


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