Blockchain Education Portal


25 Oct
25Oct

Blockchain -

A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a merkle tree root hash).

By design, a blockchain is 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". 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 alteration of all subsequent blocks, which requires consensus of the network majority. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been claimed with a blockchain.

Cryptocurrency -

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are a kind of alternative currency and digital currency (of which virtual currency is a subset). Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.
The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency. Since the release of bitcoin, over 4,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.

Ethereum Blockchain- (Bitball BTB & Bitabll treasure BTRS are developed on Ethereum Blockchain)
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions.

Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network

BitBall (BTB)

Bitball is a DIGITAL Asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
Similar to every other Cryptocurrency, Bitball is created to transfer funds in form of tokens, from one wallet to the other. Its build on the ethereum network on which transfers are way more faster then most of the traditional cryptocurrencies like Bitcoin.

Similar to every other Cryptocurrency, Bitball is created to transfer funds in form of tokens, from one wallet to the other. Its build on the ethereum network on which transfers are way more faster then most of the traditional cryptocurrencies like Bitcoin.
Bitball is an, all in One Decentralized Cryptocurrency, bridging the gap between digital currencies, exchanges & clients worldwide.
IT'S A MULTIPURPOSE TOKEN, WITH CONSTANT DEVELOPMENT.

Exchanges- 
A cryptocurrency exchange or a digital currency exchange (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees.

Risks Involved - Cryptocurrency investment is a highly volatile investment, you fully understand that we dont take any responsibility of your actions made towards Bitball(BTB) or Bitball Treasure (BTRS). We will do all good work from our part but you will need to do your own research.

Scammers- Unfortunately, there are a lot of scammers ! Their job is just to find new ways to scam people. So, make sure to always go through the official website, then follow official contact details from there.

Some of the crucial points that we have seen to identify scammers -

  1. Trying to force investors into buying their idea, products, or coins.
  2. Showing that if you don't agree with their terms, they will cancel the deal straight away. (Showing that your missing out)
  3. When you receive an email from an authorised personnel, make sure that domain name is the same as the website's domain name. For ex. support@bitball-btb.com is from us. But if the email address says support@bitball.com, or support@bitball.btb.com, it's fake beause our official website domain name is bitball-btb.com. But again scammers generated a new software to show a fake email address, best way is to keep communicating. if its a fake sender, they won't be able to reply back to anything that you ask them.
  4. Now they have a new tool which can be used send you an email, showing a fake email domain name. Best way to make sure its not a fake person pretending to be someone else, is to send them email back on the same address and communicate making sure that your talking to the right person.
  5. Most of the time, scammers will contact you with the best deal. Most of the time, if its too good to be true, (even the Big crypto project startups) it can be fake.
  6. To be continueed........

 - Source Wikipedia/Bitball Research.

30May
Comments
* The email will not be published on the website.