Bitcoin has made plenty of headlines since the cryptocurrency first emerged in 2009, but recently the industry has turned to its underlying technology: the blockchain.
The decentralized, distributed nature of blockchains brings a number of benefits: stronger security as the ledger is shared by thousands of computers, transparency as all transactions are publicly recorded, and decreased risk. No single authority has control, so if there is a glitch and one of the nodes in the network goes down, the system can still function. Why it made the impact of bitcoins?
Because entire bitcoin transactions happening in the exchange websites are securely stored using the blockchain technology. It entirely depends upon this technology. The blockchain technology 2.0 can be developed using the bitcoin exchange script with source code and the exchanges can maintain the ledger system hassle-free and secure. It’s the future of the digital economy. To know more, read this one.
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