Blockchain is a step towards Future??

in bitcoin •  6 years ago 

Blockchain plays a crucial role in successfully transferring our hard-earned money in form of a Crypto-Currency.
It's a chain which links different people across the globe.

what-is-blockchain-the-technology-explained.jpg

I am listing some of the advantages and disadvantages of it.

Advantages:

  1. Fast and secure.
  2. Reliable
  3. No rules and regulations from a government agency.
  4. No need to depend on someone.
  5. 24x7 facility.

Disadvantages:

  1. An account can be hacked or tempered.
  2. Frauds occur due to greediness, to earn more money.
  3. Big rival of Government.
  4. Price speculation may lead to a loss.
  5. Transaction in blockchain is not insured.

At last, I want to conclude that every technology has it's some advantages and disadvantages ut this will not let us down.
This will be the future in term of empowerment, money, and technology.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Great Point of View ....................

nice post
We support each other

Interesting article....... keep it up

Nice info

Congratulations @ayushc! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The Steem community has lost an epic member! Farewell @woflhart!
SteemitBoard - Witness Update
Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!

You can upvote this notification to help all Steem users. Learn how here!

Competition - Buy A Dollar For A Penny!
You CAN'T lose @doublesteemit

Vote for 11 of our posts a day to make hundreds of dollars every day.
Vote for any one of our posts first, and at the very least DOUBLE your money. A win-win proposition!

Competition - Buy A Dollar For A Penny!
You CAN'T lose @doublesteemit