Blockchain Technology | Most secured network system

Some of the countries don't accept cryptocurrencies but they can surely use the technology that enables the existence of cryptocurrencies. Here the blockchain is the ground where all the cryptocurrencies stand by.

The most effective and alternative use of the blockchain can be using it in the banking sector. It's really sad to say that my country, Bangladesh where its central bank's reserve has been stolen by hackers years back. About $81 million reserves were taken away by the cyber attack.

Blockchain can ensure the highest cybersecurity standard by its distributed ledger system that stores transaction data and constantly keep in check and verify information through the whole network system. That's why it's extremely hard to hack the blockchain.

Blockchain can open new opportunities for financial services and also can innovate new financial solutions for consumers. It can provide financial services more efficient computer system and easy to maintain.

Thanks for reading. Hope that you have learned something new about blockchain technology.💖

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