Blockchain Technology

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Blockchain Technology

• www.bitdeal.net

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Introduction

• Blockchain is a public ledger or a distributed
  database of all bitcoin transactions. It is a
  open source technology and anyone can access the
  details at anytime. The unique feature of the
  blockchain technology is that, the digital
  transactions and information are immutable. As
  it is a distributed ledger, there will be no
  control or central authority of records stored.

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Blockchain Technology

• Then
• In the beginning, blockchain is used as a bitcoin
  transaction data ledger. As this blockchain
  technology is introduced for the bitcoins. Thus,
  blockchain was only used as decentralized bitcoin
  ledger alone.

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• Now
• Actually Blockchain is a public ledger technology
  that follows concept of decentralization.But,in
  recent days based on the usage of Blockchain
  technology, it is also customized as a private
  ledger technology.
• For instant , Blockchain is used by many
  organization for their internal uses and the
  stored data can be managed by providing
  permissions to only authorized persons.This way
  of use of blockchain technology is named as
  private blockchain.

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• Future
• Today, blockchain is the technology that is
  spearheading the momentum of democracy and
  decentralization in online world.
• Web 3.0 is the future of internet. The main
  difference between web 1.0, web 2.0 and web 3.0
  is, web 1.0 and 2.0 are centralized whereas the
  future web 3.0 is going to be decentralized and
  secure. Web 3.0 blockchain stack is designed to
  be decentralized and the information will not be
  owned by any entity. Blockchain is being familiar
  among more people and is the latest trend today.

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Predictions

• The space of blockchain technology is expected to
  grow by about 43 by the end of 2020.
• LinkedIn information shows that 300 of
  blockchain-related jobs will grew up by end of
  2019
• The global spending on blockchain in 2019 alone
  amounted to 2.1 billion.
• The number of startups that work on or adopt
  blockchain has been steadily growing and have a
  combined valuation of over 4.4 billion.

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Bitdeal

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  company,that provides you all blockchain related
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  your bitcoin related online business for your
  decentralized blockchain development
  services,contact Bitdeal.
• Get a Free Consultation from Bitdeal's
  Blockchain Experts Now !!!