Blockchain & The Future Of Blockchain Technology
To Know the Future of Blockchain Technology, First, let us know What is Blockchain What is Blockchain? Blockchain is an information record system in a way that makes it difficult or impossible to change, hack or cheat the system. Blockchain technology creates a digital ledger to record transactions chronologically. Blockchain is more widely associated with cryptocurrencies such as bitcoin and is sometimes used to refer to cryptocurrencies. But blockchain is much more than a cryptocurrency. And although the terms are often used interchangeably, they are not the same. Blockchain is the technology on which most cryptocurrencies are based and is now used for many other applications as well. Blockchain Ledger Technology- The basic premise of blockchain is to establish trust in a peer-to-peer (P2P) network, avoiding the need for third-party administrators of any kind. As an example, bitcoin introduced a P2P monetary value transfer system that does not require any bank or ...