The blockchain technology is undoubtedly one of the greatest technological happenings in the world today. Its entrance into the world was followed by a change in the financial sector. Although there are many other sectors in which the blockchain finds relevance like healthcare, agriculture and production sector, it promises to revolutionize the world's current financial system.
Ever since the creation of Bitcoin and one of its underlying technology, the blockchain, in 2008, there has been a shift towards the use of this digital form of money called cryptocurrencies. This
became more evident in how the value of Bitcoin rose from a few cents to over 20,000 US dollars in December 2017.
The blockchain technology promises a very bright future for the world we live in. It aims to make services that are offered to the public to become as transparent, decentralized, safe, secure and convenient as possible. One may wonder why there is so much emphasis on this important invention, but a good understanding of its structure would help us to understand the endless possibilities that it offers.
