Why is there so much hype around Blockchain Technology

Published by

Aug 2, 2021

What is Blockchain?


Blockchain is a system of storing information in a way that makes it difficult or impossible to change the data, hack, or cheat the system. 


A blockchain is necessarily a digital ledger of transactions that is distributed  beyond the entire network of computer systems on the blockchain. You can consider a Rubix Cube Each Block in the chain contains a multiple number of transactions. The transactions occur on the blockchain every time.  All the transactions are stored in the distributed Ledger. 

Why is there so much hype around blockchain technology?

Trustworthy!!!


If someone creates a new asset called the Y dollar, how can we trust that they wont give themselves a million Y dollars, or steal your Y dollars for themselves?


The solution is there in Blockchain. Cryptocurrency (Bitcoin) was  designed by using a specific type of database called blockchain. Most common databases such as an SQL, have someone in charge who can change the entire values. Blockchain is working differently  because nobody can take charge. Assets cannot be faked and hacked. 


Why Do Businesses Need Blockchain?




Source from : Blockchain Development Company | Bitdeal


Do you want to combine your business with blockchain technology?  Bitdeal is one of the Leading blockchain development companies to  combine your business with blockchain Technology. 


Bitdeal’s Enterprise Blockchain SolutionsFor Industries


Blockchain in Supply Chain

Blockchain in Banking

Blockchain in Health Care

Blockchain in Insurance

Blockchain in Education 

Blockchain in Government 

Blockchain in Gaming

Blockchain in E-Commerce

Travel and Tourism


Blockchain Development Services:


  • Cryptocurrency Exchange Development

  • Dapp Development

  • Crypto Wallet Development

  • DeFi Development

  • NFT Development

  • Ethereum token Development

  • Smart Contract Development

  • Decentralized Exchange Development

  • P2P Exchange Development

  • Crypto Trading Bot Development

Etc.



We provide all kinds of blockchain related services in a secure manner. The team Bitdeal revolutionized the blockchain industry with customer-centric blockchain and cryptocurrency exchange software solutions. Today, Bitdeal leads the crypto world in innovation with all kinds of blockchain solutions such as Crypto exchange development, top exchange clone scripts, Decentralized Applications development, DeFi Solutions.





Articles authored by alex jaxon

Published: Sep 8, 2021