What is Blockchain Technology || 10% to @tron-fan-club
Today i will Discuss with you What is Blockchain Technology. I always try to share with everyone what I know everything about blockchain. So in its continuation today I will talk to you briefly about Blockchain Technology. The world of the future will be the "world of blockchain" as the blockchain is gaining popularity day by day.
The word blockchain is a combination of two words. The first is the block and the second is the chain. These two words combine to form the word blockchain. Although blockchain was first introduced in 1991, blockchain did not succeed or become popular. But in 2008, Satoshi Nakamoto, one or more anonymous individuals, created the world's first cryptocurrency Bitcoin using this blockchain technology.
And since then cryptocurrency has been introduced through blockchain technology, blockchain technology has become very popular day by day after the success of Bitcoin. Based on blockchain technology, new cryptocurrencies have been born, called alt coins. Blockchain technology did not stop there later in the cryptocurrency sector, but now blockchain technology is being used for many other purposes. Such as health sector, banking sector is also in many more sectors.
Blockchain technology is a technology that can be easily used by anyone sitting in any country in the world. Its system is peer to peer. There is no need for a mediator. If I want to make a transaction, I have to go to the bank first. I have to take the help of bank, then I have to complete the transaction. There is a lot of time involved and a lot of cost involved. But with the help of blockchain technology, transactions can be easily done in any country of the world in a peer-to-peer system, which is very easy and the cost is very low. There is no need for a third party to conduct any transaction and the cost is relatively low. There is no need to go out of the house, if you have internet, it is very easy to complete the transaction here.
Another great advantage of blockchain technology is that blockchain technology is an advanced platform. Sitting anywhere in the world, anyone can see the transactions of this blockchain technology. Once a piece of information or data is entered into blockchain technology, it cannot be completely deleted or edited. So people's confidence in this blockchain technology is increasing day by day. Because it is open to all.
Blockchain technology is very secure. Every transaction of blockchain technology is encrypted by cryptography and every transaction of blockchain technology is recorded. No third party is required for the transaction to take place. And so blockchain technology is currently being used in many sectors. Blockchain technology is used especially in the health sector and in the banking sector. Everything will be open to the public and all information will be recorded in a blockchain.
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You discussed Blockchain Technology in detail. After reading your post, I came to know some new information. Thank you for sharing your experience.
Blockchain is very strong security. I love blockchain
The security feature of the blockchain technology has reached it to a unreachable level in terms of adaptation to the general uses.
Brother gave a very good idea about blockchain. It was good to know that. I didn't have a good idea about this before. Good luck to you.
Blockchain is by far the greatest innovation in the world, no restriction or any gender or region restrictions