BRIEF DESCRIPTION OF BLOCK CHAIN TECHNOLOGY AND ITS BENEFITS

in #new • 4 years ago (edited)

Benefits_of_Blockchain_Technology.jpg

BRIEF DESCRIPTION OF BLOCK CHAIN TECHNOLOGY:
You might have heard a lot about Block chain since Bitcoin emerged as leading Digital currency in crypto space. Generally people think it is a database, it is but different type of database where information is stored in Blocks and all blocks are linked with each other. The most use of Blockchain is as Ledger for transactions.
In Bitcoin case, Blockchain is used in decentralized way so that data can be stored on multiple computers and no single person can have control over it. The beauty of Blockchain is that, the transactions are permanently recorded and can be viewed from anywhere.
Block chain technology has attracted many businesses including trading and Finance those now create new projects based on this great Technology.

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4 years ago in #new by
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