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smART OF GIVING (AOG) is an idea-turned-reality that envisioned a unique model to generate funds for charities without asking for monetary donation. AOG is the first working Smart Contract that utilizes technology to help the UnderPrivileged children whilst providing mobile gaming entertainment and transparency to the contributors. For the first time ever, there is a crypto currency that generates value for the UnderPrivileged just by being in circulation without shelling a penny out of pocket!
Nothing on the Blockchain can be changed save with the consensus of the network. Any confirmed transactions on the Blockchain cannot be changed.
With the removal of intermediaries and the distributed ledger being updated in real-time by the miners, any data inputted on the Blockchain is transmitted and stored automatically
Since every miner has a full copy of the ledger on their system, it is virtually impossible to lose the data stored on a Blockchain
Public Blockchains can offer full transparency of the transactions carried out on the network while safeguarding the privacy of its users through pseydonymity since only the transacting addresses are shown.
What happens on the Blockchain stays on the Blockchain. A public Blockchain will act as a public ledger meaning that as long as the Blockchain remains operative, the data on it will be accessible
With no central authority acting as a clearing-house for transaction validation, the effort required to reach consensus is shared between the miners.
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I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. Banks could issue digital cash with greater anonymity and lighter weight, more efficient transactions.