The value of Blockchain Technology

April 16, 2022

The decentralized nature of blockchain technology allows for better security and trust than traditional systems. 20 years ago, W. Scott Stornetta and Stuart Producir outlined this kind of technology, and sought to implement a process where record time plastic stamps couldn’t be improved. Today, Bitcoin is the most prominent actual example of blockchain technology. It uses the blockchain as a means to record repayments, but it may also be used for any info point. Due to this, blockchain technology has become a helpful resource for a large number of industries.

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