There are several intrinsic features of a Blockchain that lend it its power and allows it to record and transfer value over the internet in a peer-to-peer manner: Near real time: It enables near real time settlement of recorded transactions, removing friction, and reducing risk No intermediary: It is based on cryptographic proof, allowing any two parties to transact directly with each other, without the need for a trusted third party. Distributed ledger: The peer-to-peer distributed network records a public history of transactions, making Blockchain distributed and highly available. Irreversibility: It contains certain and verifiable record of every single transaction ever made that cannot be altered without altering the entire chain. This prevents double spending, fraud, abuse, and manipulation of transactions. Censorship resistant: Crypto economics ensures that Blockchain continues pumping out new blocks and that blocks are not being reverted or altered. The Gartner hype cycle p...
Technology - Marketing - Stocks - Views