What are the characteristics of blockchain
What are the characteristics of blockchain? According to the report of Cointelgraph, according to a recent report, the characteristics of blockchain include Cryptocurrency such as Bitcoin and Ethereum. Although there is nothing special about technology, it provides many other benefits: improving efficiency, reducing costs, and improving transaction processing speed; Reduce intermediaries to increase trust level. At the same time, the network can provide more functions. Although there are currently many different applications, they all involve specific functionalities What are the characteristics of blockchain? According to China Financial Information Network, major countries around the world are actively developing blockchain technology. In the 10 months from 2016 to early 2018, governments and individuals from various countries have invested a large amount of funds in exploring blockchain technology, in order to push the development of blockchain to a new level. For the entire Cryptocurrency industry, blockchain has very big characteristics: it can make transactions more transparent, more traceable, and will not be permanently solved because of the problems of a single centralized entity, which makes cryptocurrencies such as Bitcoin an effective means of payment; In addition, the trustworthiness based on smart contracts also ensures its safe and reliable application.
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