The Blockchain — The Network of Data

What is Blockchain Technology

How Does Blockchain Work?

What Makes Blockchain Secure?

Advantages and Disadvantages of Blockchain

  • Improved accuracy by removing human errors in verification.
  • Low process rate by eliminating the third-party verification.
  • Decentralization makes it harder to meddle with.
  • Transactions are kept secure, private, and efficient.
  • Transparent technology
  • Acts as an alternative for banks and a way to secure personal information.
  • Low transaction per second.
  • Technology cost for mining bitcoins.
  • Used for illegal activities in the past.

Applications of Blockchain

  • Banking and Finance
  • Currency
  • Records of Property
  • Health Care

Take Away

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Reshma Haridas

Reshma Haridas

A fellow bibliophile with a passion for writing and reading. When she is not typing or reading books, again!!. She loves playing with her furry friends.