WHAT IS BLOCKCHAIN?
🧊 Blockchain is a modern digital technology in which data is stored in the of blocks form. Each block is linked to the previous block, which makes it difficult to change or tamper with the record. This technology works on a decentralized system and is mostly used in cryptocurrencies.
Advantages of blockchain
1۔ Transparency: Every transaction is recorded in front of everyone.
2. Security: Data is safe due to cryptography.
3. Decentralized system: No single institution has control over it.
4. Low cost: Fees are reduced by eliminating middlemen.
5. Fast transaction: Transactions are completed quickly.
6. Trust: Trust increases due to data not being changed.
7. Smart contracts: Automated contracts are possible.
8. Widespread use: Used in banking, health, supply chain and voting.
Finally, blockchain is a secure, transparent and important technology of the future
#EthereumBlockChain #bnbblockchain #Bobbypk #BinanceSquare @Ethereum @BNB Chain
