why was blockchain created

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Blockchain allows you to spread your operations across a network computers. Bitcoin The ability to use cryptocurrencies and other cryptocurrencies without the involvement of a central authority. This reduces risk and eliminates transaction fees.

 

What is the purpose of blockchain?

Blockchain is a distributed ledger that records all transactions in a peer to peer network. This technology allows participants to confirm transactions without the need of a central clearing authority. Applications that could be used include fund transfers, settlement trades, voting, among other things.

 

Why bitcoin was created?

Bitcoin It was designed to allow people to send money online. Digital currency was designed to offer an alternative payment method that could be used without central control, but can still be used as traditional currencies.

 

 

 

 

 

 

 

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