Blockchain, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Tether, ICO, IEO, STO, … ..much more are the jargon that swings around the investors and digital tech enthusiasts. Investors and even financial tech enthusiasts are unaware of the concepts of this booming blockchain technology. The ignorance over the concepts of blockchain, cryptocurrencies have created the mist of security threats and fraudulent incidents happening over the digital currencies.
Blockchain, the top-notch technology can be implemented as Enterprise blockchain solutions in most of the sectors like finance, supply chain, healthcare, voting, gaming, digital identity management and much more. Cryptocurrencies are next-gen digital currencies that can shatter border restrictions, whereas underlying blockchain tech is the next-gen tech that can shatter the trust-free decentralization process in enterprises. The counterfeiting blockchain network is impossible, but to understand this statement you must know the internal architecture of tech.
In this post, let’s vanish the stains that are created over the blockchain technology and cryptocurrencies by clearly explaining the terminologies!