What is blockchain and why is this technology so important?
📌We have decided to launch a few articles regularly in regards to our new and most anticipated ESP token. We’ll be covering the world of cryptocurrencies and modern technologies. We believe that this information will prove to be useful to you! In today’s installment we’ll cover the basics — blockchain technology.
💭The idea at the core of blockchain has been around since 1991, but it was only after 2009 that the technology got proper recognition, when Bitcoin was launched by the mysterious person (or even a group) called Satoshi Nakamoto. The true identity of Satoshi hasn’t been found until this day, but his technological innovation has succeeded in making the world reconsider the way we create and use money.
💭BTC transactions are peer-to-peer, which means that money flows directly from one user to another, without involving authority such as banks, regulators, or governments, etc.
💭This is as transparent and safe as it gets — all transactions are traceable, yet can’t be regulated by authorities.
📚This technology ensures maximum transparency, reliability and security of transactions. Blockchain can increase efficiency and security across a wide range of industries and businesses (financial sector, charity, supply chains, healthcare, etc).
📚Blockchain-based projects pop up every day! This is exactly the technology we are leveraging to create a unique product that will improve millions of lives with technology and new tools.