Hopefully, everyone is mentally healthy. And you're fine. Everyone is having a good time with all the family members. I'm fine too and having a good time. Today I will discuss with you the advantages and disadvantages of blockchain technology. I hope you enjoy my writing.

Blockchain is a very popular technology at present. Due to the advantages of this technology, it has gained a lot of popularity in today's world. Even now many countries are trying to use it in all fields starting from banking sector. There are also many cryptocurrencies involved in this blockchain, starting with Bitcoin. There are also many online blogging sites based on blockchain.

Advantages of blockchain technology

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Blockchain technology has the most advantages. The biggest advantage of this technology is its transparency and accuracy. All the information here is much, much more secure. When a transaction is made using this technology, the transaction can be done safely in a very short time. No third party is required. As a result, it is not a waste of time.

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Here the information of each transaction is very secure. As a result, no hacker can misrepresent or hack this information even if he wants to. Because in order for a hacker to hack any data of a transaction, he has to hack the data of thousands of computers involved in the block in a very short period of time which is absolutely impossible. As a result, every transaction is done in a very secure way. And for the benefit of all, its popularity is increasing day by day.

Disadvantages of blockchain technology

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It goes without saying that blockchain technology is not a problem. However, there are limitations in its transactions. Due to its speed it completes a limited number of transactions per second. Because of the transaction speed may show service error. Another thing is that some quarters can use it to carry out illegal activities. Another aspect of blockchain use is that it requires a lot of electrical energy to use. As a result, in the case of underdeveloped countries, it is not possible to supply electricity using it.

But in the end, the advantages of this technology are many times greater. So at the present time its popularity is skyrocketing. And after three days it will become more dependent and popular.

Much Love And Best Wishes To All

I am Md. Kawsar Hasan. I am a Bangladeshi. I feel very comfortable to introduce myself as a Bangladeshi. An assistant teacher by profession. A writer intoxicated. So I feel very comfortable writing content on different topics. It’s great to know the unknown and learn something new. Love to travel.
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