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      "body": "![38055a931cb55aaa32c438ce11a8a676.jpg](https://cdn.steemitimages.com/DQmRfwohyRErtVmHsbcxbkjuYMBW5CpkC5aCq6Rczsn2GTM/38055a931cb55aaa32c438ce11a8a676.jpg)\n\nStructure\n\n\nA blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network.[1][30] This allows the participants to verify and audit transactions inexpensively.[31] A blockchain database is managed autonomously using a peer-to-peer network and a distributed timestamping server. They are authenticated by mass collaboration powered by collective self-interests.[32] The result is a robust workflow where participants' uncertainty regarding data security is marginal. The use of a blockchain removes the characteristic of infinite reproducibility from a digital asset. It confirms that each unit of value was transferred only once, solving the long-standing problem of double spending. Blockchains have been described as a value-exchange protocol.[21] This blockchain-based exchange of value can be completed more quickly, more safely and more cheaply than with traditional systems.[33] A blockchain can assign title rights because, when properly set up to detail the exchange agreement, it provides a record that compels offer and acceptance.[34][35]",
      "json_metadata": "{\"tags\":[\"steemit\",\"cryptocurrency\",\"bitcoin\"],\"image\":[\"https://cdn.steemitimages.com/DQmRfwohyRErtVmHsbcxbkjuYMBW5CpkC5aCq6Rczsn2GTM/38055a931cb55aaa32c438ce11a8a676.jpg\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "title": "Blockchain classes - 3",
      "body": "![Blocks-Flying-in-Space.jpg](https://cdn.steemitimages.com/DQmRREbZdwraJaex88CTbYw6Fw3RNrRrtooPn4eGTrbVPcv/Blocks-Flying-in-Space.jpg)\n\nHistory\n\nBitcoin transactions (January 2009 – September 2017)\nThe first work on a cryptographically secured chain of blocks was described in 1991 by Stuart Haber and W. Scott Stornetta.[17][6] They wanted to implement a system where documents' timestamps could not be tampered with or backdated. In 1992, Bayer, Haber and Stornetta incorporated Merkle trees to the design, which improved its efficiency by allowing several documents to be collected into one block.[6][18]\n\nThe first blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008. It was implemented the following year by Nakamoto as a core component of the cryptocurrency bitcoin, where it serves as the public ledger for all transactions on the network.[1] Through the use of a blockchain, bitcoin became the first digital currency to solve the double-spending problem without requiring a trusted authority and has been the inspiration for many additional applications.[1][3][4]\n\nIn August 2014, the bitcoin blockchain file size, containing records of all transactions that have occurred on the network, reached 20 GB (gigabytes).[19] In January 2015, the size had grown to almost 30 GB, and from January 2016 to January 2017, the bitcoin blockchain grew from 50 GB to 100 GB in size.[20]\n\nThe words block and chain were used separately in Satoshi Nakamoto's original paper, but were eventually popularized as a single word, blockchain, by 2016. The term blockchain 2.0 refers to new applications of the distributed blockchain database, first emerging in 2014.[21] The Economist described one implementation of this second-generation programmable blockchain as coming with \"a programming language that allows users to write more sophisticated smart contracts, thus creating invoices that pay themselves when a shipment arrives or share certificates which automatically send their owners dividends if profits reach a certain level.\"[1] Blockchain 2.0 technologies go beyond transactions and enable \"exchange of value without powerful intermediaries acting as arbiters of money and information.\" They are expected to enable excluded people to enter the global economy, protect the privacy of participants, allow people to \"monetize their own information,\" and provide the capability to ensure creators are compensated for their intellectual property. Second-generation blockchain technology makes it possible to store an individual's \"persistent digital ID and persona\" and provides an avenue to help solve the problem of social inequality by \"potentially changing the way wealth is distributed\".[22]:14–15 As of 2016, blockchain 2.0 implementations continue to require an off-chain oracle to access any \"external data or events based on time or market conditions [that need] to interact with the blockchain.\"[23]\n\nIn 2016, the central securities depository of the Russian Federation (NSD) announced a pilot project, based on the Nxt blockchain 2.0 platform, that would explore the use of blockchain-based automated voting systems.[24] IBM opened a blockchain innovation research center in Singapore in July 2016.[25] A working group for the World Economic Forum met in November 2016 to discuss the development of governance models related to blockchain.[26] According to Accenture, an application of the diffusion of innovations theory suggests that blockchains attained a 13.5% adoption rate within financial services in 2016, therefore reaching the early adopters phase.[27] Industry trade groups joined to create the Global Blockchain Forum in 2016, an initiative of the Chamber of Digital Commerce.[28]\n\nIn May 2018, Gartner found that only 1% of CIOs indicated any kind of blockchain adoption within their organisations, and only 8% of CIOs were in the short-term ‘planning or [looking at] active experimentation with blockchain’.[29]",
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      "body": "![Blocks-Flying-in-Space.jpg](https://cdn.steemitimages.com/DQmRREbZdwraJaex88CTbYw6Fw3RNrRrtooPn4eGTrbVPcv/Blocks-Flying-in-Space.jpg)\n\nHistory\n\nBitcoin transactions (January 2009 – September 2017)\nThe first work on a cryptographically secured chain of blocks was described in 1991 by Stuart Haber and W. Scott Stornetta.[17][6] They wanted to implement a system where documents' timestamps could not be tampered with or backdated. In 1992, Bayer, Haber and Stornetta incorporated Merkle trees to the design, which improved its efficiency by allowing several documents to be collected into one block.[6][18]\n\nThe first blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008. It was implemented the following year by Nakamoto as a core component of the cryptocurrency bitcoin, where it serves as the public ledger for all transactions on the network.[1] Through the use of a blockchain, bitcoin became the first digital currency to solve the double-spending problem without requiring a trusted authority and has been the inspiration for many additional applications.[1][3][4]\n\nIn August 2014, the bitcoin blockchain file size, containing records of all transactions that have occurred on the network, reached 20 GB (gigabytes).[19] In January 2015, the size had grown to almost 30 GB, and from January 2016 to January 2017, the bitcoin blockchain grew from 50 GB to 100 GB in size.[20]\n\nThe words block and chain were used separately in Satoshi Nakamoto's original paper, but were eventually popularized as a single word, blockchain, by 2016. The term blockchain 2.0 refers to new applications of the distributed blockchain database, first emerging in 2014.[21] The Economist described one implementation of this second-generation programmable blockchain as coming with \"a programming language that allows users to write more sophisticated smart contracts, thus creating invoices that pay themselves when a shipment arrives or share certificates which automatically send their owners dividends if profits reach a certain level.\"[1] Blockchain 2.0 technologies go beyond transactions and enable \"exchange of value without powerful intermediaries acting as arbiters of money and information.\" They are expected to enable excluded people to enter the global economy, protect the privacy of participants, allow people to \"monetize their own information,\" and provide the capability to ensure creators are compensated for their intellectual property. Second-generation blockchain technology makes it possible to store an individual's \"persistent digital ID and persona\" and provides an avenue to help solve the problem of social inequality by \"potentially changing the way wealth is distributed\".[22]:14–15 As of 2016, blockchain 2.0 implementations continue to require an off-chain oracle to access any \"external data or events based on time or market conditions [that need] to interact with the blockchain.\"[23]\n\nIn 2016, the central securities depository of the Russian Federation (NSD) announced a pilot project, based on the Nxt blockchain 2.0 platform, that would explore the use of blockchain-based automated voting systems.[24] IBM opened a blockchain innovation research center in Singapore in July 2016.[25] A working group for the World Economic Forum met in November 2016 to discuss the development of governance models related to blockchain.[26] According to Accenture, an application of the diffusion of innovations theory suggests that blockchains attained a 13.5% adoption rate within financial services in 2016, therefore reaching the early adopters phase.[27] Industry trade groups joined to create the Global Blockchain Forum in 2016, an initiative of the Chamber of Digital Commerce.[28]\n\nIn May 2018, Gartner found that only 1% of CIOs indicated any kind of blockchain adoption within their organisations, and only 8% of CIOs were in the short-term ‘planning or [looking at] active experimentation with blockchain’.[29]",
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      "permlink": "blockchain-classes-2",
      "title": "Blockchain classes - 2",
      "body": "![oecd-request-examination-of-tax-standards-for-blockchain-technology-cryptocurrency.jpg](https://cdn.steemitimages.com/DQmeR8CUs7yq8TGrRLWDHqVkjPMN4G8wSwd95J6JDhhdEb9/oecd-request-examination-of-tax-standards-for-blockchain-technology-cryptocurrency.jpg)\n\nContents \n1\tHistory\n2\tStructure\n2.1\tBlocks\n2.2\tDecentralization\n2.3\tOpenness\n3\tUses\n3.1\tGeneral potentials\n3.2\tLand registration\n3.3\tThe Big Four\n3.4\tSmart contracts\n3.5\tNonprofit organizations\n3.6\tDecentralized networks\n3.7\tGovernments and national currencies\n3.8\tBanks\n3.9\tOther financial companies\n3.10\tOther uses\n4\tTypes of blockchains\n4.1\tPublic blockchains\n4.2\tPrivate blockchains\n4.3\tConsortium blockchains\n5\tAcademic research\n5.1\tJournals\n6\tPredictions\n7\tSee also\n8\tReferences\n9\tFurther reading\n10\tExternal links",
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      "body": "blockchain technology \n\n\n![blog2-20.jpg](https://cdn.steemitimages.com/DQmUgtuYdB4oWCeX1cjfFmrDgQuPdDqtqJ9U1YYmN1tG7xF/blog2-20.jpg)\n\n\n\nBlockchain formation. The main chain (black) consists of the longest series of blocks from the genesis block (green) to the current block. Orphan blocks (purple) exist outside of the main chain.\n\nBitcoin network data\nA blockchain,[1][2][3] originally block chain,[4][5] is a continuously growing list of records, called blocks, which are linked and secured using cryptography.[1][6] Each block typically contains a cryptographic hash of the previous block,[6] a timestamp and transaction data.[7] By design, a blockchain is inherently resistant to modification of the data. It is \"an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way\".[8] For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.\n\nBlockchains are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain.[9] This makes blockchains potentially suitable for the recording of events, medical records,[10][11] and other records management activities, such as identity management,[12][13][14] transaction processing, documenting provenance, food traceability[15] or voting.[16]\n\nBlockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger.[1] The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications.[1][3]",
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      "body": "Congratulations @cryptocoinnews01! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/post4day.png)](http://steemitboard.com/@cryptocoinnews01) You published 4 posts in one day\n\nClick on any badge to view your Board of Honor.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n**Do not miss the [last announcement](https://steemit.com/steemitboard/@steemitboard/steemitboard-new-level-notifications) from @steemitboard!**\n\n> Do you like **SteemitBoard**'s project? **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "body": "Hi, thank you for contributing to Steemit! \n\nI upvoted and followed you; follow back and we can help each other succeed :) \n\nP.S.: [My Recent Post](https://steemit.com/ethereum/@hatu/media-protocol-business-analysis-new-ico)",
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      "title": "Top 5 Coins Listed On LMAX Exchange",
      "body": "The Big 5 cryptographic forms of money got a noteworthy lift on the 21st of May, when London based LMAX Exchange declared it will begin offering on its trade, the most fluid and set up digital forms of money of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and Bitcoin Cash (BCH). Crypto exchanging on the trade is currently a 24 hour activity, 7 days seven days, throughout the entire year. Exchanging will be administered by comparative tenets and standards as LMAX Exchange’s FCA controlled MTF (Multilateral Trading Facility).\n\nOf essential saying is that the LMAX trade has effectively dealt with over $10 Trillion in FIAT exchanging since commencement and has institutional customers in more than 100 nations. The institutional customers are what makes this declaration energizing for any crypto broker. These are the purported ‘big cheeses’ of exchanging: The big cheese ‘Wallstreet’ firms and best banks the world over.\n\nAlso ReadSome Useful News\n\n\n\nBitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability\n\n APRIL 4, 2018\n\n\n\nBitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55\n\n APRIL 2, 2018\n\nThe declaration by LMAX had this to state through their CEO, David Mercer, concerning institutional financial specialists:\n\nThe rise of institutional trading of crypto currencies will be a game-changer for the industry. We believe our new exchange will support the transformation of the crypto market from the fringes to the mainstream. Digital currencies are, without a doubt, coming of age. Exchanges will play a crucial role in bringing the major crypto currencies into wider circulation, helping them to become accepted into conventional funds which in turn will help to support a normalisation of value\n\nThe trade has been enhanced to offer secure exchanging this current crypto industry where hacks are conceivable. One can’t neglect to say the current hack of the Verge (XVG) blockchain by rebel excavators who needed to mint XVG from thin air. Additionally to recall is the Coincheck hack that assuaged of the trades some $500 Million worth of NEM (XEM) at one go. In this way, security is of significance for the trade.\n\nThe declaration by LMAX comes at an appreciated time when the crypto-markets experience considerable difficulties keeping up great volumes. We have seen the aggregate market capitalization touch $400 Billion just to drop to $330 Billion out of a matter of a couple of days. The figure presently remains at $338 Billion with numerous trusting that the news that South Korean controllers will facilitate their position with regards to crypto exchanging the nation, will support the volumes by and by.\n\nWe are for the most part mindful that the measure of exchanging and crypto possession by South Korean occupants was truly high toward the beginning of January before direction kicked in and left the business sectors in tumult. This news could catalyze an arrival of past great circumstances in the crypto-verse.",
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      "body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📈 24h | 📉 7d\n- | - | - | - | -\n**BTC** | Bitcoin | 7494.050$ | _-0.34%_ | _-9.14%_\n**DXT** | Datawallet | 0.094$ | _11.5%_ | _21.68%_\n**ETH** | Ethereum | 597.163$ | _-0.64%_ | _-14.06%_\n**SMT** | SmartMesh | 0.053$ | _-0.5%_ | _-23.99%_\n**STEEM** | Steem | 2.660$ | _-4.64%_ | _-13.81%_",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://globalcoinreport.com/steem-outpaces-competitors-to-lead-the-uptrend/",
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      "parent_permlink": "steemit",
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      "title": "STEEM COIN",
      "body": "STEEM COIN\n\nhttps://cdn.steemitimages.com/DQmejMQR3i5ZdKxH9TTcU8XsodygTdAUWiCUyQxbsCzuYcZ/steemit.jpeg\n\n\nSteem’s Value Skyrockets as the Major Coins Turn to Red\n\nAs the depression continues to plague the crypto market, this week witnessed some disastrous performance from the leading currencies. With the major currencies turning to Red and Bitcoin creeping back to $8,800 price range, Steem features among the biggest gainers this week, as its price moves up by 25% on April 26. The mid-week market crash, which can be associated with the news of the suspension of ERC-20 tokens following the hacking of smart contracts, was a severe blow to the investors. Much to the traders’ surprise, the price of Steem increased steadily, gaining 29% in the last 24 hours. The financial asset, which has moved by 42% this week, is trading at $3.56 at the time of writing.\n\nSteem’s Market Response\n![GqWUgEg.jpg](https://cdn.steemitimages.com/DQmaCQzpX7pbCX4bdHFJkMK9ex2X8ccNE837XBMad32cJHs/GqWUgEg.jpg)\n\nWhen compared to other currencies, Steem’s performance has been rather impressive. The financial asset has also witnessed a steady rise in trading volumes. As of April 26, 2018, the trading value of Steem stands at $157,106,000. Steem, which is available at $3.56 or 0.00040899 BTC, is available on a number of popular exchanges like BuyUcoin, OpenLedger, Bittrex, Vebitcoin, etc.\n\nUnlike BTC prices, which are exceedingly volatile, the price of Steem has been stable. The rise in the value of Steem, which can be linked to the uptick in Bitcoin prices, has become the talking point at the moment. The sudden rise in the price has taken the traders by surprise, as it is questionable considering the recent technical debacle which attacked the foundation of social media.\n\nThe executives of Steem have been silent on the issue, leading to introspections. As proposed by the analysts, such a spike can be pure speculation, created by UpBit, which is responsible for more than 50 percent of Steem trading.  As a relatively new addition in the cryptosphere, the blockchain is yet to reach maturity in terms of market uptake.\n\nPartnerships\n![steemit.png](https://cdn.steemitimages.com/DQmbcTSQrNPJHH3a8EA6T7xGVkEjFPQY9cvx5rK6NCBs7dR/steemit.png)\n\nSupported by a stable community, Steem can do well without partnerships. However, the coin, which is on the rise, witnessed some exciting development in January. As per the announcement made in January 2018, Steemit will collaborate with the popular monetization platform, Datawallet. Ned Scott, the CEO of Steemit said:\n\n“The social media monetization model is broken, both in terms of how platform users are rewarded, and how their data is owned and distributed. Steemit is currently working to resolve part one of that equation and Datawallet is tackling the second.”\n\nWhere Should You Trade Steem?\n![U5drTFsaQ1Zfy8u45Eq27HRAsP84E1s_1680x8400.png](https://cdn.steemitimages.com/DQmVHQc3pQNxBBpUvp4AU4gPgDGL7h4mS9NkjzXjqy2mvhS/U5drTFsaQ1Zfy8u45Eq27HRAsP84E1s_1680x8400.png)\n\nSteem Dollars are available on a number of notable exchanges, including Binance, UpBit, HitBTC, Poloniex, Tidex, OpenLedger  DEX and Bittrex. Although Steem Dollars cannot be purchased directly with US dollars, it has created quite a noise among the investors.  Investors looking to trade this financial asset will need to buy it using Ethereum or Bitcoin on an exchange that accommodates US dollars. This means investors can explore options like Coinbase, Gemini or GDAX.\n\nSteem’s Forecast for 2018\n\nNourished by a vibrant community, Steemit has made a special place in the crypto space. Apart from its steady follower base, this lesser known currency boasts several exciting features. Also, it is backed by a team of highly skilled and vibrant developers. With some of the influential names associated with the blockchain, this social media based cryptocurrency has managed to attract the investors’ trust.  What’s more, the team has made it official that investors will now be able to tokenize their content using SMT. At any rate, this radical cryptocurrency, which is clearly leading the uptrend, has the potential to make it big this year. While many analysts dismiss the hype as a mere speculation, others anticipate some positive developments this year. As of now, we can only wait and watch how this cryptocurrency performs in the market. However, going by its price records in the first quarter, it’s not difficult to imagine it as the “game changer.",
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      "body": "Congratulations @cryptocoinnews01! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvote.png)](http://steemitboard.com/@cryptocoinnews01) You made your First Vote\n\nClick on any badge to view your Board of Honor.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> Do you like **SteemitBoard**'s project? **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "permlink": "central-government-decision-to-impose-gst-on-cripto-currency-transactions",
      "title": "Central Government decision to impose GST on Cripto currency transactions",
      "body": "Central Government decision to impose GST on Cripto currency transactions\n\n\n![gst_coin.jpg](https://cdn.steemitimages.com/DQmfZcjTdD2JB5wskNnAQEVGzECUWQskFRs5XwPgpAC1uF1/gst_coin.jpg)\n\n\nThe india Goodwillers shared the information that the Government of India decided to impose the cargo and service tax on the Crypto Trading Service. If the GST is imposed on the crippled currency, it will have to pay taxes up to 18 per cent\n\n\n\nThe Government of India has repeatedly advised the public that it has not been officially banned and is not legally banned from using the crypto currency trading.......\n\n![Jaitley-Cryptocurrency.jpg](https://cdn.steemitimages.com/DQmdRgrv5PLr3NorcgU9f571zJJh3JWZy79qHbrupuhJfwm/Jaitley-Cryptocurrency.jpg)\n\n\n\n\nIndian banking companies have banned trading credit cards such as bitcoin, using credit and debit cards\n![India-Bitcoin.jpg](https://cdn.steemitimages.com/DQmZCnn1hk31fwoX5cAhS1wrhjRbDMvhEMVMMMceMfH6Vc2/India-Bitcoin.jpg)\n\n\n\n\nBut if the federal government taxes the Crypto currency, it means that it allows legally trading.\n\n\n\nThe Income Tax Department has also issued a notice to Crypto Currency Traders asking them to pay the tax. If a job is taxed on the Crypto currency from all sides then the Indians will get a profit margin\n\n![shutterstock_791551543-cryptocurrency-tax.jpg](https://cdn.steemitimages.com/DQmWCDtAuaspR2yKMh8jmiD34iTnzCVxu4f5NiohqTz7esm/shutterstock_791551543-cryptocurrency-tax.jpg)\n\n\n\nBuying or selling crypto currencies can be taxed as per the exchange of transactions and transferring to others. Foreign Borrowers will be forced to pay the Indian Bitcoin investors to pay the IGST.\n\n\n\n\n\n\n![i1.JPG](https://cdn.steemitimages.com/DQmcd2MRr1nUhHTxNRCoiWAo9caPfkMLQJtqs3L18sUoxtQ/i1.JPG)",
      "json_metadata": "{\"tags\":[\"steemit\",\"cryptocurrency\",\"bitcoin\"],\"image\":[\"https://cdn.steemitimages.com/DQmfZcjTdD2JB5wskNnAQEVGzECUWQskFRs5XwPgpAC1uF1/gst_coin.jpg\",\"https://cdn.steemitimages.com/DQmdRgrv5PLr3NorcgU9f571zJJh3JWZy79qHbrupuhJfwm/Jaitley-Cryptocurrency.jpg\",\"https://cdn.steemitimages.com/DQmZCnn1hk31fwoX5cAhS1wrhjRbDMvhEMVMMMceMfH6Vc2/India-Bitcoin.jpg\",\"https://cdn.steemitimages.com/DQmWCDtAuaspR2yKMh8jmiD34iTnzCVxu4f5NiohqTz7esm/shutterstock_791551543-cryptocurrency-tax.jpg\",\"https://cdn.steemitimages.com/DQmcd2MRr1nUhHTxNRCoiWAo9caPfkMLQJtqs3L18sUoxtQ/i1.JPG\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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