Quote from: BlueStackz on July 21, 2018, 07:04:41 AM

Quote from: waqasniaz007 on June 09, 2018, 08:16:54 PM

Blockchain was imagined as an approach to guarantee the dependability of the digital currency Bitcoin. It is a genuinely basic idea, an advanced record that record all exchanges that happen inside its framework, much like any firm or individual monitors their funds. The distinction is that the record is freely accessible to all individuals in the framework, making it difficult to adjust records without being recognized. This implies individuals can assume that money related records are totally exact without relying on a reliable outsider like a bank, a legislature or an application to affirm it.
This has expansive ramifications crosswise over numerous businesses. Not exclusively will it cut expenses and enhance proficiency by evacuating outsiders, it additionally considers far more noteworthy adaptability by giving exchanges which are an unchangeable reality, which can encourage the sharing of accounts. For instance, blockchain can enable companions to share protection, or neighbors to have a similar vitality contract and guarantee that everybody pays for precisely what they utilize.

What you are saying here has nothing to with the topic. I dont see any way the explanation you have made can help change the economy. And by the way, Bitcoin cant change any economy, it is we the people that decides whether we want to change our economy or let it remain bad.

The only way to help our economy grow is through good governance. When the government are not doing what they are supposed to do, then there is no way the economy is getting good, it will remain the same.

Blockchain is the new technology in the world and it is not easy to understand for an individual, even governments take long time to understand this technology and thats why they do not allow their people to trade in bitcoin. Bitcoin is backed by blockchain and those countries that completed their survey about blockchain technology have legalized bitcoin.