What are the benefits actually by using the block chain system?
This time I will explain the actual merit of using block chains for better understanding.
- We assume that you will make money transactions using the mechanism called block chain.
Example ①: When transferring money using a bank
merit
· I have trusts that I have made up to this day.
· It corresponds to 100% remittance mistake.
Demerit
A fee occurs every time.
· The time that banks can use is specified. ※ 9: 00-15: 00
· It is not suitable for micropayment (small settlement). ※ The fee is heavy
· It takes time and knowledge to trade between countries.
Example ②: When transferring money using block chains
merit
· A small amount of fee.
· 24 hours 365 days deal · You can remit money.
· Because it is a digital currency, you do not need to have a purse if you recover.
· It is suitable for micropayment (small settlement).
· Because it is common to the world, remittance between countries can be done easily.
Demerit
· Guarantees such as remittance mistakes are not in place. ※ All self responsibility
· It takes several minutes to remit.
· Restoration is not going now and the place of use is limited.
Summary
In this time I omitted the extra information to deepen understanding and explained it simply.
By using block chains, we can eliminate brokers as banks, eliminate the vested interest of handling fees, and have the merit of being able to trade at any time on a one-to-one basis across national borders.
But let's understand that the words self responsibility will follow.