Bitcoin’s Block Chain: The Transaction Ledger of the Future
Everyone the world over, including the biggest players in the financial industry, have praised the Bitcoin Blockchain’s revolutionary capabilities. The blockchain is a virtual shared and public ledger that is at the core of Bitcoin’s protocol. It provides procedures for keeping track of any BTC transactions and in this way, Bitcoin wallets are able to calculate their spendable balance while new transactions can also be verified to confirm that the Bitcoins being spent are actually owned by the spender. In the future and as the technology evolves, it will be used to dealing with common challenges that are currently experienced within the fiat monetary system.
Future transactions will be conducted without the need for lawyers and paper trails since there is a record of all Bitcoin transactions in history. The Blockchain is definitely the 21st Century’s financial record keeping technology that all central banks wish they had.
http://www.newsbtc.com/2016/05/04/bitcoin-future-bright/
