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BLOCKCHAIN

TECHNOLOGY

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What Is Blockchain? Blockchain was a process that was associated with bitcoin when it initially arrived. But now, experts understand that it can play a large role on its own. In essence, blockchain is a tamper-proof ledge of economic transactions which can be programmed to record any information of value.

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How Does Blockchain Work? To get a basic understanding of blockchain, imagine a Google spreadsheet is duplicated multiple times across a network and is then updated on a regular basis. This ensures that the data is accessible to everyone and is verifiable. Since the data is not centralized, it is impossible for hack or corrupt.

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Why Use Blockchain? Blockchain has become a medium that has the highest level of accountability. The network is in a constant state of consensus, one which checks itself every 10 minutes. Moreover, it has two crucial characteristics: 1. Transparency: Information recorded in the network is available for public access 2. Incorruptibility: Since information is shared among multiple users you would need a substantial amount of computer power to override an entire network .

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Where Can It Be Used? Right now, blockchain technology is being used at bitcoin exchange, but can be used in any field where information needs to be recorded. Presently, the finance sector has the highest demand for blockchain programmers as there is a significant need to eliminate middle-men in during the process of transactions.

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About Us Established in 2016, BITFORT is a Singapore Based Company dedicated to serve as a Trustworthy and Convenient Platform for Buying, Selling, Storing and Transferring Bitcoins. BITFORT aspires to be an Accountable Partner for Crypto Enthusiasts to navigate and explore the potentials of this new booming economy of Bitcoin and Digital Assets. BITFORT's wallet provides a unique combination of wallet services to hold Bitcoins and Exchange facility to Sell & BUY BTC with Local Currencies. Reckoning operative forces in APAC & MENA countries through channel partners, BITFORT expertizes in application based Blockchain technologies such as Bitcoin, Cryptoasset Wallet Exchanges, Trading Platform and Crytpo Mining Ventures.

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CONTACT US HERE

www.thebitfort.com

@thebitfort

@thebitfort

@bitfort

Blockchain Technology  

Blockchain was a process that was associated with bitcoin when it initially arrived. But now, experts understand that it can play a large ro...

Blockchain Technology  

Blockchain was a process that was associated with bitcoin when it initially arrived. But now, experts understand that it can play a large ro...

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