There is more and more interest and buzz around Bitcoin these days. You may have heard about it before or not. In any case, it is a multi-trillion dollar financial sector that is virtually under the radar of most people (only about 2% of the population is even aware of its existence); which makes it a privileged moment to position itself in front of him strikes the general public. And the moment has come, for the consciousness of cryptocurrency is becoming viral. Even some universities teach bitcoin, cryptocurrency and blockchain technology!
What is Bitcoin Exactly?
Bitcoin is a digital currency (or digital currency) held electronically, which means that it is not tangible like fiduciary money (dollars, euros, yen, etc.). It was created cryptographically and therefore constitutes a cryptocurrency. It runs on open-source software and is not controlled by entities. It is decentralized and not governed by banks or the government.
What is the Blockchain?
Blockchain technology exists where bitcoins and other encrypted currencies exist. The blockchain is also used for other applications than crypto-currencies, such as the execution of smart contracts, for example. In summary, the blockchain is a decentralized digital register. It stores the records of all the transactions that take place there and is run by a peer-to-peer network. This means that individuals and businesses use it to transfer digital assets to one another via the Internet, without the need for a third party (banks, governments, etc.).
The importance of blockchain technology and invest in it
From a business point of view, blockchain technology can improve business processes and significantly reduce costs. It will also enable businesses to offer more services to customers. For example, financial institutions could use blockchain technology to improve processes such as regulations and insurance.
From an individual point of view, blockchain technology offers opportunities for significantly higher returns on cryptocurrency investments compared to traditional investments.
Blochchain technology and cryptocurrencies are fast becoming an inevitable part of the future of money and finance in the global economy. It is something that will soon become the norm in the global financial market, and those who invest very early among the first users of this innovative technology will be among the newest millionaires of the next years and beyond.
We are in the third big wave of the Internet. The first concerns websites and domain names ("boom"), the second social networks (dating sites, Twitter, Facebook, YouTube, etc.), and the third the technology of blockchain, bitcoin and d & Other cryptocurrencies. It's a good time to position yourself.