The Blockchain serves as the transaction ledger of the Cryptocurrency

The Cryptocurrency is a worldwide phenomenon. It is legal, to a large extent, unregulated around the world. People need to understand that Bitcoin is not the Blockchain or the blockchain is not a coin.

The Blockchain creates a decentralized record of all transactions occurring within a given system. With cryptocurrencies, you don’t actually own or carry “coins” with you. Instead, the blockchain maintains a record of how many cryptocurrencies you can transact to and from other entities within the system. The cryptocurrency needs to have the blockchain to allow Cryptocurrencies to transact. Few people understand the value of tokens as an authenticator between two endpoints, the seller and the buyer without a middleman.

The Blockchain is not a sure thing, it can be that it will be the precursor to a more robust and relatable technology which will wind up being the moneymaker. Privacy, transparency, and security are concepts which are necessary in today's digital world. It can be that the Blockchain is not the champion of all those concepts. You can say if it was not for Bitcoin (Cryptocurrency) the Blockchain would be boring because Bitcoin was the first viable application which really uses the Blockchain.

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05 Comments
Emilly Blunt

December 4, 2017 at 3:12 pm

Never say goodbye till the end comes!

Emilly Blunt

December 4, 2017 at 3:12 pm

Never say goodbye till the end comes!

Emilly Blunt

December 4, 2017 at 3:12 pm

Never say goodbye till the end comes!

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