Hacker Noon July 24, 2022
In simple words, Blockchain technology is a decentralized database and a distributed ledger that records data that cannot be tampered with, modified, or stolen. Blockchain erases the need for a central monitoring authority or server because it is basically an online record of transactions.
Let’s shed some light on this technology’s influence on mobile applications.
No Central Authority Needed
Blockchain networks are decentralized IT infrastructures. You can send and receive money without a supervisor or middleman. Corporate processes driven through blockchain technology are quicker and cheaper.
Furthermore, blockchain removes bureaucracy, offers instant ledger systems, and dramatically decreases external processing charges. These enable it to facilitate effective transactions. As per ComputerWorld, blockchain may save the biggest banks 8 to 12 billion...
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