10-01-2019, 08:18 PM
(10-01-2019, 08:17 PM)Conner Wrote: So when a Bitcoin transaction is made, the currency is transferred between parties as a block of information that gets added to the historical chain of transaction data. This “ledger” is a public file—anyone can download a copy of it. Individual’s identities are encrypted, however, and this feature of the technology is among the many reasons it is so highly touted.
Just as Bitcoin and cryptocurrencies are gaining in stature, blockchain is expected emerge as an important technology with a wide array of potential applications, too. Blockchain could be used in everything from expedited transfer of title in real estate sales to international transactions—not to mention those that haven’t even been thought of yet.