Cryptocurrency and its underlying technology has taken over the world of advertising and news, with a large portion of today’s media going to coverage of this new industry. One of the most interesting things to come out of cryptocurrency has been the underlying technology that powers it known as blockchain. Blockchain is the technology that simply creates a peer-to-peer network, with validation from individuals on the network allowing for cryptocurrency to effectively function.
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With the massive amount of attention that is being paid to cryptocurrency, it seems only likely that blockchain should be getting some attention as well. For around 15 years, the internet has been the newest game changer to the world of marketing. With essentially everyone owning a computer or someway to get online, internet and computers have become the way of the future. Blockchain has since taken off in the last several years, with many new companies choosing to use its technology to fuel their interests. Blockchain is the first way that we have been able to create a system that allows trust between two parties online. The technology allows for two parties to make an agreement online, wherein when the arrangements of the agreement are met, the payee releases money to the one being paid.
A large amount of money has been transferred using this new type of technology, and it seems like there is still a large amount of possibility still to be taken advantage of in the space. Because the world of cryptocurrency is so new, it is no wonder that these kinks are still being worked out in the industry. The hopes are high that in the near future blockchain will be able to reach its full potential for changing the tech industry.