Cryptocurrency and Blockchain technology is being adopted rapidly in our society. In recent years, we have seen it’s implementation in various industry. Although there are some obstacles for blockchain. But this revolution can not stopped by group of persons or institute.
Today I am going to discuss about some Blockchain facts which you may not know.
We all know Satoshi Nakamoto invented Blockchain. But we don’t know who is this Satoshi Nakamoto. Is this a person or group of person? I think this is the biggest mystery in blockchain technology. Although it does not matter to me who invented Blockchain. The most important thing the world accepted blockchain technology as a revolution.
Government can print currency as much as they want but production of bitcoin is limited to only 21 million. So it will prevent to decrease the value of Bitcoin.
To mine bitcoin, we need special mining machine which consume lot of electricity. So mining bitcoin is costly where electricity price is high.
Now many industries are using blockchain and coming forward with innovative idea. Now we are using Blockchain in various industries like, music, travel, shipping, properties and many more.
Blockchain can be implemented on the Internet of Things (IoT) devices for cybersecurity and transparency. It will easy for companies to track their product related information.
Blockchain is still in developing stag. There is no doubt, in near future we will see many use cases based on Blockchain with real life implementation.
Please comment and share your experience about Blockchain
