what is the blockchain...

in LeoFinance4 years ago

If we translate Blockchain technology into our language, we can briefly call it block chain technology. In fact, blockchain has entered our lives with bitcoin, the technology behind it, that is, blockchain has recently started to attract attention and work on it has been continuing.

We can briefly define Blockchain as a decentralized and encrypted (cryptographic) distributed database system that does not need a server, self-validating and transacted on.

Blockchain technology has eliminated intermediaries and digital assets can be transferred without the need for a bank or a central institution, and smart contracts and applications that make daily life easier can be developed in the blockchain system. In all these transactions, whether transfer or smart contracts, all fees are reduced to minimum values ​​and time is saved.
From these points of view, the benefits of blockchain technology will gradually increase and enter our lives in every sense; be it the health sector, the industrial sector, the logistics sector, it will save both money and time.
To give a few examples, attempts have been made to switch to the digital identity system using the ICON (ICX) blockchain in South Korea, and even 44 universities have stepped into this system as a pioneer.

On the other hand, Waltonchain blockchain in the Far East provides great convenience in the logistics industry. There are many projects in many other areas similar to this, and as coinfom.com, we will try to convey them all to you in the best way possible.

Posted Using LeoFinance Beta