Is there a future for blockchain?

At the end of 2021, the global cryptocurrency market cap reached $3 trillion – an all-time high. Cryptocurrencies like Bitcoin and Ethereum are underpinned by blockchain technology. The adoption of blockchain, and the technology and products it supports, will continue to impact business operations dramatically .7 Oca 2022

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What is blockchain used for today?

Blockchain provides a way to securely and efficiently create a tamper-proof log of sensitive activity. This makes it excellent for international payments and money transfers . For example, in April 2018, Banco Santander launched the world’s first blockchain-based money transfer service.10 Şub 2022

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Where is blockchain used in real life?

If people are buying or selling land, a house, or a car, they will need to transfer or receive a title. Instead of operating this on paper, blockchain helps in storing titles on its network , enabling for a transparent view of this transfer, as well as exhibiting a crystal-clear picture of legal ownership.25 Tem 2021

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Why is bitcoin not the future?

Bitcoin transactions are slow and expensive, and its network cannot process large transaction volumes . A bigger problem for an aspiring medium of exchange is unstable value. Bitcoin’s wild price fluctuations, from month to month and even from day to day, make it unreliable for day-to-day transactions.

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