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Title: BLOCK CHAIN Post by: Nelkel007 on December 21, 2020, 05:06:52 PM I NEED ANSWERS Block chain has a whole lot of usages, one of the usages is block chain is it's usage in finance/money which is crypto currency. How true is this? I need clarifications Title: Re: BLOCK CHAIN Post by: lumierre on December 29, 2020, 08:45:52 PM A blockchain is a chain of blocks that are not interrupted and are in a certain sequence. Each of the blocks contains certain information. For example, if we are talking about the cryptocurrency blockchain, then when creating each block, new coins will be created for the cryptocurrency.
Title: Re: BLOCK CHAIN Post by: inoes on December 29, 2020, 10:27:03 PM yes, that's right, starting from a security standpoint that is difficult to hack, transparency and costs that can be cheaper because there is no third party. so in terms of finance blockchain is already widely used and traded after only a few years since its launch. actually not only can be adopted in the financial sector, but one day there may be adoption in the fields of health, government and education.
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