How Blockchain Works (Simplified)Blockchain technology is arguably the biggest technological advancement so far this century in terms of its far reaching global impact. The blockchain is a disrupted database, where multiple computers have multiple copies of the database in a peer-to-peer network. There is no centralized server or database, the database is within a decentralized network.
nstead of a central authority to verify transactions within the network, a system of “distributed concensus” enables people to have trust that transactions of certain values have occurred. This decentralization brings several benefits for a system like EIPlatform.
EIPlatform is built using blockchain technology to enable direct, peer-to-peer interactions and transactions between all participants within the esports ecosystem. Brands will be able to interact with members of the esports community directly conveniently and to the benefit of all parties.
Blockchain technology brings several benefits that make EIPlatform possible.
Read more:
https://medium.com/eiplatform/blockchain-technology-and-the-benefits-it-brings-to-eiplatform-17d237fcc005
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