Toms Treasure

With this ever changing world, we need to adapt just to survive. But not everyone heard of, knows of, or even understands Blockchain. So we collected some information everyone should know about. This information will give you some understanding, a foundation to start with. But the details are for those that want more. Because as you understand this you WILL WANT MORE!!!

 The blockchain is incorruptible. WOW – REALLY – That is a lot to proclaim. It has become the digital ledger of economic transactions for virtually everything and anything of value. Blockchain is programmable in recording financial transactions. But in a much safer and more secure internet.

Here are some Blockchain Details we found:

•  Blockchain is like a huge, global, decentralized spreadsheet.
• It tracks the balance of every Coin/Cryptocurrency; in every account.
• Therefore, Tracking who sent how many coins, tokens, or information sets to whom.
• Blocks incorporated within the blockchain are made up of all the individual transactions that are sent and received through the network. For instance The individual transactions sent from OMINEX, MyEtherWallet, Geth, MetaMask, Mist, Exodus, Parity, and anywhere else.
•  The storage and maintenance is diversified thru thousands of people. We call them “miners” across the globe. And this is diversified to ensure security with their “special”, highly powered, uniquely configured super computers.
•  You can access your Cryptocurrency Balances in Ominex.com. OR even any Blockchain Wallet.  View your transactions on sources like etherscan.io, or blockchain.info, etc. You will be extracting this data thru blockchain. But not in any one specific personal system. Thus making it much more secure. And you can not ask for much more than that.

Here are some benefits of blockchain:

Blockchain is a decentralized system that brings everyone to the highest degree of accountability. Therefore it brings integrity back to the internet. And we needed that. Because when we all look after each other, it gives us benefits such as the following;

1. Human or even machine errors end. WOW, now that’s a treasure in itself. No more corrupted or broken databases.
2. All Corrupted or missed transactions become extinct, non-existent.
3. We finally end the foolish errors in transactions or exchanges. Like those that we make without the consent of both parties involved.
4. Blockchain also records transactions to guarantee their validity. On its main register and also on a connected distributed network of registers. And All connect through a secure validated protocol.

The Technology of Blockchain is best described as Internet on Steroids. It is the Evolution of the Internet. Safer -better – and truthful.

The digital information on blockchain is allowed to be distributed to all. But not copied. As it creates an endless constantly updated accessible database. Thus blockchain technology has inadvertently innovated the internet. The internet has evolved Globally. And Now it has become better for everyone. Blockchain was originally devised for digital currency like Bitcoin. Well the tech community is now finding it has untapped potential. So the future is looking even brighter. NOW information and commerce is being done in a new revolutionary faster, mistake free secure method.

I mentioned Bitcoin. Well Bitcoin has been called “digital gold.” What a great name. Because To date it has proven to be just that. The total value of the currency is close to $160 billion US. And I will get into Bitcoin more later in this blog. But This type of opportunity doesn’t stop there. Because Now we can make other types of digital value. 

You don’t need to understand blockchain to use it:

Like the internet,  your smartphone, computers, or even your new car. You do not need to know how everything works to use it. But even knowing just a basic knowledge of this new technology will help. Knowledge is wealth. So You should understand why it is important. Because This currency accounting program will make Global purchasing safe again.

• All information is held in a shared constantly validated and reconciled database. No single entity controls it.
• The blockchain database is fully transparent.  Now The records it keeps are truly public, and easily verifiable.
•  There is not a centralized version of this information. So a hacker cannot corrupt, or embezzle it.
• Its data is accessible to anyone on the internet. Blockchain is hosted simultaneously by millions of computers. So there is no signal point of failure.
•  So now you can you say TRUTH. It is the ultimate in Security and Transparency.

The history from its Invention/Creation:

Bitcoin was first invented in 2008. It has operated without any significant disruption. Bitcoin has prevailed thru the inevitable issues of mismanagement and hackers. All new programs deal with this. But those problems came from bad intention and human error. Not by flaws in the underlying concepts. Because This system works!

The internet is durable. With its ups and downs it has proven itself for well over 40 years. So It has become somewhat stable Globally.  Blockchain technology continues to be developed and deployed for all uses and solutions in the Global Community. Therefore It will also prevail.

It’s details are Transparent and incorruptible.

The network of blockchain lives in a state of constant consensus. It is a self-auditing ecosystem of digital value. In Addition, within ten minutes the network reconciles every transaction. Each group of these transactions is referred to as a “block”.  Resulting in these two important properties created by blockchain:

1. Transparency,  all the data is embedded within the network as a whole. So By definition it is public.
2. It cannot be corrupted. You would need a huge amount of computing power to alter any unit of  it’s information. Therefore, it is virtually impossible to override the entire network.

*BUT This could be possible. IN THEORY. BUT taking control of the entire system to capture Bitcoins, would also have the effect of destroying their value.

Blockchain details: A network of nodes;

A network of computing “nodes” make up this system.

Together they create an incredibly powerful second-level type network. It’s an entirely different vision for how the internet can function. Because It becomes Safer and faster. And more reliable than ever before.

Nodes as their role in the first blockchain. Example: bitcoin.

Every node is an “administrator” of the blockchain. They join the network voluntarily. Each one has an incentive for participating in the network. Every node has the chance of winning Bitcoins. They compete to solve and be verified as the solution. Therefore proving proof of work. Then they have created or “minted” a blockchain of information. This allows them to be rewarded a specific amount of bitcoins for the completed block. So in a sense, blocks are money! 

Remember back in the days when the internet was just a way to share “emails”. But Than it grew to sharing information. And It grew into massive commerce. After that jobs, and it even revolutionized industries.  NOW with blockchain it is happening again. Because it is evolving to the next level of technology. And it is based on decentralized solutions and “truth”. Therefore, There are no limitations to this system!

There are numerous Bitcoin-like cryptocurrencies . Or other exchangeable value tokens already available. The original blockchain concept is unique. But  currently in development there is an active range of potential adaptations. Because there are literally no barriers. Thus The uses and deployed solutions of Blockchain will be a part of our everyday lives. And If they are not already. They will be in the foreseeable future. 

The decentralization;

Everything and anything that happens within the chain becomes a function of the network as a whole. And so we now know some important implications arose from this. Such as:

• We created new ways to verify transactions. So some aspects of traditional commerce could become unnecessary.
• Cryptocurrency and ICO/Token trades become almost simultaneous.
• It operates with no market opening or closing. Therefore, It operates on a Global economy of trade 24/7/365
• Vital record keeping is now fully public. We have No surprises.
• Al transactions are recorded thru a global network by using blockchain technology to jointly manage the database. Making information immediately up-to-date and available at all times.

“Decentralization” means the network operates on a user-to-user (or peer-to-peer) basis. Therefore Creating “truth” and with all forms of mass collaboration.

Financial details: SO Will you use the blockchain?

Like computers when they first came out, you do not need to know about the blockchain for it to be useful. Computers they have been enhancing everything around us with or without our knowledge. And Blockchain is evolving to do the same.

At this point, finance offers the strongest use cases for this technology. The World Bank estimates that in 2019 over $573 billion US money transfers were sent out internationally.

Now, at the moment there is a high demand for blockchain developers and other tech careers. The TECH Community is exploding again. And As this revs up implications for evolving into the blockchain is relevant for virtually everything. Therefore, This will become the future of money. Already we are moving from paper to plastic. This is the next step.

The blockchain potentially cuts out the middleman for many types of transactions.  New methods for generating and being part of creating new monetary gains are higher than ever. Business, finance and travel will all become a part of this network. The future is now. We have to grab it.

The new “Wallet” applications gives us access to the financial sector with the use of blockchain cryptocurrencies . First these were used by people to buy things with Bitcoin. By being able to store and access it along with other cryptocurrencies. We recommend OMINEX for any blockchain wallet. And Also for a ICO direction, need, or resource.

OMINEX is the leader in blockchain compliant solutions. It is the user friendly “wallet” for cryptocurrencies. This is a must have for international finance.

The details of Enhanced security!

You know what is necessary for total global solutions in all sectors? It is security, validation and “Truth” offered by blockchain, it’s revolutionary. Centrally holding data is risky. But by storing data across its network; the blockchain eliminates all of the risks. So Blockchain has NO centralized points that are vulnerable to computer hackers. That says a lot!

The internet has security problems that have plagued us all. By Relying on the “username/password” system as protection of our identity and assets online. But With using encryption technology.  Blockchain has actual Internet Security. So The Internet is evolving thru blockchain. It has become safer!

The methods of encryption are known as “keys”. They are both public and private “. A “public key” which is a long, randomly-generated string of numbers. And It is the users’ address on the blockchain. Than Values of any Cryptocurrency are sent across the network and recorded as belonging to that specific address. A “private key” is your password. And it gives its owner access to their Bitcoin. And other cryptocurrency, or other digital assets. The data you store on the blockchain is incorruptible.

Although this is true. Protecting your digital assets will also require safeguarding of your private key. We need to become Password Safe!

Many methods for safeguarding include the following:

• Creating the old fashioned paper wallet. Printing it on paper.
• Cold Storage Solutions.  Like Trezor for one. It has built in and secure recovery points. This allows you to keep your “Public Key” and its contents safe. Click on the Image to order one today. This is one of the most secure digital wallets. Compatible with any device.

More details: A second-level network

The internet reaps the benefits of a new layer of functionality with blockchain technology.

Bitcoin transactions in 2019 averaged over $350,000 US per day. Blockchain brings the level of security needed for new internet business to completely disrupt the traditional institutions of finance. See how much it has grown.  Go here for the latest in Market Cap.

As published in 2017; Goldman Sachs believed that blockchain technology holds great potential. WHAT AN UNDERESTIMATE.  They claim it could represent global savings of up to $6 Billion per year. It is far past there now. Even Goldman Sachs had grossly underestimated the blockchain.

Are you are missing out?  Well Don’t. 

Be a part of the future. Become a Miner of Cryptocurrency thru blockchain. You do not need to fully understand it. You do not even need to put capital at risk. VISIT HERE for the details today.  Now you can safely and securely use your Computers to benefit and earn BTC. Your computers earn even when you are not using them. YOU EARN WHEN YOU SLEEP! Because, Idle computers will be part of mining the most productive forms of Cryptocurrency.  And you reap the benefits. So SEE THE DETAILS and get STARTED HERE.  Because this is literally creating the possibilities of great wealth. Even if you do not fully understand the concept. You should Get in now! Because there is no risk. But a lot of gain!

SO bookmark this page. And come back for more information. Review this often. As this is a lot of information. Be like the thousands of others informed by our Blog on blockchain. And Subscribe to the upper right. So we can keep you up to date with the new blockchain program.

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