Advantages And Disadvantages Of Different Types Of Blockchain

If you want to become an expert Crypto trader, then it’s important that you first and foremost understand blockchain technology. This is because this is the technology by which all the transactions are made across a network of connected computers and recorded as well as secured in the crypto industry. So let’s look at what is a blockchain technology. Let’s explore the possibilities of blockchain technology.

What is a Blockchain?

Simply put, a blockchain is a network of computers that record and secure crypto transaction data in a way that it becomes almost impossible to hack or steal into the data. Each of the computers connected to this network also serves as a real-time ledger for the transactions recorded – each system contains a copy of the same. This way, any loss of data can be easily compensated for without a breach in the trading flow.

A primary feature of a blockchain is that it focuses on decentralising the entire network by distributing its data and functions to all the computers connected to the network. This also helps in cutting off the mediator processing and transaction charges a great deal.

Different Types of Blockchains

Advantages of Different Types of Blockchains

Disadvantages of Different Types of Blockchains