Blockchain technology is a revolutionary concept. BT is popularized by Bitcoin. Bitcoin price was $20k at the end of the last year. Blockchain Technology is not only for Digital Currency. It can be used in every aspect of our life.
Blockchain technology can do more things than just the function of transaction or digitial currencies. It can be used for
- Digital currency creation and transaction
- Ceating smart contract
- Creating Decentralized Application like Steemit
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant to modification of the data - Wikipedia
Market volatility of Digital currency is a major concern. As long as it is volatile it can not be used as a currency. For example, If you pay an employee 1 BTC as a salary, It may vary from $20k to $6k. As a result, You can not use it a stable currency.
We should not worry about Crypto price fluctuation. One week before it seems that Crypto market is finished now it looks promising. As Blockchain technology has use case, We should not worry much about this technology
JOIN STEEMIT
Tell your family and friends to Join Steemit. Steemit is a reward based decentralized social media platform. You will be rewarded with STEEM and SBD. STEEM is the native token for Steemit platform. Steem can be transferred and converted to other cryptocurrencies anywhere anytime.
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