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Digital Currency, Bitcoin and Blockchain Technologies Advance, Business and Industry Trends Analysis

Blockchain is a revolutionary technology that creates a tamper-proof and lasting record (you might call it an electronic accounting journal, or a distributed ledger) of transactions with a very high level of encryption designed to deter hacking or alterations. It works on a peer-to-peer data communication basis.

Blockchain initially gained notoriety as the enabler for the bitcoin digital currency (a virtual repository of wealth that some people are willing to consider as an acceptable substitute for dollars, Euros and other traditional currencies). Bitcoin enables users to exchange values or payments directly, without the intermediation of a bank.

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