Some Interesting features About Blockchain Technology you may not know
Cryptocurrency and Blockchain technology is being adopted rapidly in our society. In recent years, we have seen it’s implementation in various industry. Although there are some obstacles for blockchain. But this revolution can not stopped by group of persons or institute.
Today I am going to discuss about some Blockchain facts which you may not know.
01. Who invented Blockchain?
We all know Satoshi Nakamoto invented Blockchain. But we don’t know who is this Satoshi Nakamoto. Is this a person or group of person? I think this is the biggest mystery in blockchain technology. Although it does not matter to me who invented Blockchain. The most important thing the world accepted blockchain technology as a revolution.
02. Production of Bitcoin is limited.
Government can print currency as much as they want but production of bitcoin is limited to only 21 million. So it will prevent to decrease the value of Bitcoin.
03. Mining Bitcoin electricity cost is high.
To mine bitcoin, we need special mining machine which consume lot of electricity. So mining bitcoin is costly where electricity price is high.
04. Not only Cryptocurrency, Blockchain has many other use cases.
Now many industries are using blockchain and coming forward with innovative idea. Now we are using Blockchain in various industries like, music, travel, shipping, properties and many more.
05. IOT industries are using Blockchain
Blockchain can be implemented on the Internet of Things (IoT) devices for cybersecurity and transparency. It will easy for companies to track their product related information.
Blockchain is still in developing stag. There is no doubt, in near future we will see many use cases based on Blockchain with real life implementation.
Please comment and share your experience about Blockchain
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by r060x from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Congratulations @asad21221! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - The results, the winners and the prizes