Five advantages of blockchain

Published by Cyber Flows on

Nowadays, there are no payment systems that do not use blockchain in their technology. Central and commercial banks are interested in blockchain technology and apply it in transfers. Why is this solution so effective?

Blockchain technology flow. Source: PwC Digital Services

Blockchain is a modern form of databases building, that stores information about transactions, authenticity and correctness of the process. Information regarding blockchain is entered in blocks prepared in the system. You cannot modify them and delete them. Information entered once is duplicated, and the database is stored in numerous copies on all devices in a given network.

Advantages of blockchain:
  • Fewer intermediaries
  • Fast transactions
  • Lower costs
  • Anonymity
  • Security level

For all of them individually, you can read more on the official FuturoCoin website.

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