Life Changes

  Blockchain technology has the potential to revolutionize the financial services industry, and it’s becoming increasingly clear that it will do so in the Payments space too. Cryptocurrencies like Bitcoin , Litecoin , and Ethereum are all built on blockchain technology, which means that they are decentralized and secure digital currencies. Their security, speed, and global reach provide users with a cheaper, more efficient, and more secure way to transact than traditional payment methods. But if you want to know where the Payments industry is going, then you need to understand crypto currencies. At first glance, cryptocurrency seems like a complicated and intimidating idea. But the reality is that understanding how digital currencies work can actually make investing in them easier. In this article, we’ll try to demystify the concept of cryptocurrency so that you can begin investing in it with confidence. What is cryptocurrency? The world of cryptocurrencies is relatively new, but...

Image by VIN JD from Pixabay                                         What is a blockchain? A blockchain is a digital ledger that records transactions. It's the underlying technology that powers cryptocurrencies like Bitcoin and Ethereum . It's a secure record of events and transactions. In otherwords , blockchain technology is a system which allows users to record information without requiring a central authority. The technology gained notoriety in the financial industry when cryptocurrencies like Bitcoin were introduced. Today, blockchain technology is used in a variety of industries, including medical records and supply chain management. The first use of blockchain technology was as a digital ledger for Bitcoin transactions. The blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block contains a reference to the pr...