RE: Steemit Crypto Academy Contest / S8W1 - The Importance Of Blockchain Technology
Hii @chasad75
Thanks for sharing your quality content. I really appreciate your efforts in creating this blog.You have explained all the points about the topic. Your explanation is really impressive I learned alot from your post.
In the first question you have explained about some major issues that are occuring in the implementation of blockchain Technology.
As there are nodes working to confirm the transaction so that next block can be processed, it consumes high energy
you have rightly explained there is a lot of data to store which required a lot of energy.Blockchain technology comes up with new and emmersive key features that increase their worth.
If we solve some issues we will be able to stabilize the technology and can use it in more better way.Zero knowledge proof is also the advanced protocol that you have explained in your post.Its help in authentication without knowing the personal information of the users.
blockchain technology because of decentralization
Decentralized technology ensures that there is no third party involved in the transaction processing that helps to build the trust of users on the technology.
With the lot of beneficial features of the blockchain technology there is also some drawbacks that you have rightly explained.
Thanks for sharing your quality content.
Good luck for the contest.
Thank you @mateenfatima for your valuable comment. I appreciate for reading my complete article and giving your precious comment. Stay Blessed :)