Blockchain in short!
Rishabh Varma
| Curious Research Analyst: Transforming Complex Data into Actionable Strategies |
Blockchain is a technology that enables the transfer of digital coins or assets between individuals. It is critical to understand that bitcoin is not blockchain.
In the simplest terms, a blockchain is a decentralized, public ledger of all cryptocurrency transactions that has been digitised. It is constantly growing as 'completed' blocks (the most recent transactions) are recorded and added in chronological order; this enables market participants to keep track of digital currency transactions in the absence of central record keeping.
Blockchain can also play an important role in the financial industry by allowing for faster trade settlement because it eliminates the need for a lengthy process of authentication, settlement, and approval because a single version of agreed-upon data from the share ledger is available to all stack holders.
MBA|PGDM|
3 年superb Rishabh Varma it will help us to understand block chain thank you for sharing this post
|| Fund accountant || Ex-SS&C Globeop || Ex-SG Analytics || MBA || Consultant || Derivative analyst || Equity research || Technical analyst ||
3 年Keep going??
Tailored Wealth Management and Portfolio Strategies
3 年In the future will we say ‘The Blockchain’ like how we now say ‘The Internet’
MBA at Terna Global Business School |
3 年Thanks Rishabh Varma for sharing Blockchain concept.Good content! Keep sharing.
Settlements (Security and Cash) ll Financial modelling II SWIFT Payments II Trade life cycle ll Trade Matching II OTC market II Derivatives II Middle Office Solution II Security Transfer ll Investment banking operations
3 年Great post this will help us to understand blockchain. Keep going Rishabh Varma and post such great posts.