Altcoins Talks - Cryptocurrency Forum
Further Discussions => Blockchain Technology => Topic started by: Power on December 16, 2020, 01:30:36 PM
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Bitcoin uses a technology called blockchain, which is a digital ledger. Now I have a question for everyone in this forum. In your own perspective and Idea, How the technology behind bitcoin is changing money, business, and the world?
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I am interested in discussing your question,
first - Blockchain does not require a central server data or one server, you can see all data from every computer or smartphone around the world. (This will reduce server maintenance costs that we usually encounter in every company)
second - Transaction data that cannot be changed and does not require a lot of human resources to validate transactions (for example sending money from a local bank to an international bank which takes a lot of time) with blockchain technology you can send a number of money in minutes)
Third - When the corona pandemic was still ongoing, we were not allowed to leave the house and everything was done at home.
Blockchain will change this easily, with data transparency, we have seen there are many online shops that accept Bitcoin payments, Paypal also accepts Bitcoin for payment transactions, from here we can see.
Blockchain will change business systems, finance and other things gradually because blockchain is better than a system of bookkeeping / recording transactions which requires a central server to store every data