Tuesday, 6 March 2018

Technology: What is blockchain that is the backbone of digital currencies?




Pros:
1. No more middlemen like the banks. That is why governments and banks are against digital currency as they will not earn any commission.
2. Frauds can be prevented entirely.

Cons:
1. Needs a lot of computer and electric power as ledger gets longer and longer with more transactions for the same item.

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