In one paragraph explain how the blockchain is changing mone

In one paragraph, explain how the blockchain is changing money and business, is it the currency of the future?

Solution

Blockchain actually refers to a chain of blocks, each block holds records related to a particular transaction, actually, a block has all the details of its previous block, its Timestamp, and many things which help in identifying the origin of the transaction and maintain its Integrity.

Blockchain has many benefits as compared to the paper currency currently being used, we have to carry the paper currency, it has demerits like it can be stolen, lost or get damaged. But it is not the case with the Blockchain, as it is a digital Currency and is helping to make things easier and more convenient for the public use. Bitcoin is the most famous kind of Blockchain currently being used popularly. If a person has cash money, he might have stolen it, but it is not possible in the case of Bitcoins as it has a timestamp and details from which user a person has received it.

This is the reason Blockchain is Changing the Money and Business, making it easier to use and transfer.

Yes, it is the currency of the digital Future, as the world is growing at a very fast rate to become digitized, and connect every single human being on the planet through a network, and making transactions through the network, to anyone, anywhere you want, Securely. This makes Blockchain the Future currency of the Future.

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