What Is Blockchain And How Does It Works?
You have probably heard someone talking about Blockchain or Bitcoin, and you did not give it much importance.
And not only that, many people say it is a new generation of the Internet.
However, two conflicts arise if we want to make a remote transfer through the Internet.
Before Blockchain, the role of intermediaries in the exchange of goods digitally was essential and essential.
Therefore, the payment is made first to the intermediary and then to the next person.
However, this generates a cost of information and high commissions.
Hence, nobody can monopolize the contents.
Blockchain does not belong to anyone; nobody can modify it by itself.
Hence, this lets you know in which order the transactions were verified.
This solves the problem of bit copying in online payment.
Also Read:Cryptocurrency vBlockchainin: Whats The Difference?
So, what do you think about this?
Share all your views and thoughts in the comment section below.
