RE: Steemit Crypto Academy Contest / S8W1 - The Importance of Blockchain Technology / @carlir
Assalamualaikum,
Dear friend first of all thanks for participating in this contest. I feel good after reading your post because i guess you have good information about Blockchain.
Although blockchain technology has made significant progress in recent years, there is still a lack of widespread adoption of blockchain, especially in regulated and highly centralized industries.
Due to the complexity of Blockchain many people don't want to loose thier assets because all the transactions are irreversible so if they made mistake in network Selection thier coins will be lost.
Further more Blockchain mechanism is complex to understand but you put good efforts to explain the working of Blockchain in simple words. It's quite impressive.
You mentioned the Quality features, Advantages and Disadvantages of Blockchain technology. There is nothing complete in this world everything is under process and i hope we will solve out the problems you mentioned.
Good luck in this contest and Have a nice day 😊
Regards: @cryptobitcoins
Hello friend, really my knowledge about blockchain is very superficial because I consider that I still have a lot to learn and as you mention this is in full development and there are still many things to see of this wonderful technology.
Thanks for your contribution.