RE: Steemit Crypto Academy Contest / S8W1 - The Importance Of Blockchain Technology
Thanks dear friend @princa for sharing your qulaity blog.I appreciate your efforts in creating this article.
You have explained quite well and clearly about your understanding of the blockchain technology. The advanved features of blockchain has increase the worth that is attracting the users.
You have explained very well about the key features such as the decentralization, transparency etc.With regular updations in the technology it will work in more better way.
Blockchain technology consumes a significant amount of energy, particularly in the case of proof-of-work-based consensus algorithms. This can lead to high operational costs and environmental concerns.
You have rightly said the energy consumption sometimes becomes issue in the implementation of the technology. Its because the large amount of data is required to store at the time.
This storage needs a large amount of energy.You have also written well about the Zero-knowledge proof that is the advanced protocol of authentication without concerning about the privacy.
Thanks for sharing your blog.I wish you success in the contest.