There are some technologies that transform industries on a large scale and bring revolution. In 2018, it is Blockchain. From Banking and financial sectors to Supply chain, Blockchain technology is changing the foundation of our economic and social systems. However, full integration into the infrastructure will likely take years as many of us are not fully aware of this technology. Hence, before we dive deep into the detailed facts let’s take a look at what Blockchain is and how it works.
Considering the daily abundance of news around blockchain and the skyrocketing value of Bitcoin and other cryptocurrencies that rely on this technology, you may be wondering what blockchain actually is. It’s actually a quite simple concept, though things quickly get more complicated the harder you look, still, here is a brief-
A blockchain is considered as a real-time ledger or decentralized database that is implemented to maintain a gradually increasing list of records, called blocks. Each one of the blocks contains a timestamp and a link to a previous block. Basically, it is a database, a huge network, called as a distributed ledger, which keeps track of ownership and value, and allows anyone with access to view and take part.
Hence, after reading this blockchain infographic, now you understand the basics functionalities of this technology. Let’s dive deep into Blockchain technology and find out some amazing blockchain stats and facts that are revolving the entire world in recent times.
These blockchain stats seem interesting, right? does not it grow your interest in Blockchain development?
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