Is Blockchain different than cryptocurrencies?
Blockchain technology has disrupted the normal transaction processes with innovative and agile methodologies. This principle is not limited to digital currency such as cryptocurrencies like Bitcoins (BTC), Ethereum (ETH), Ripple (XPR) are examples. Broadly, the blockchain has sound implications in diversified domains, from the management of the state machinery to the small marketplace.
There has been a long debate on the legality of digital currencies around the world. Digital currencies offer durability, robustness, transparency, and incorruptible transactions. At the same time, it is a currency having no physical form, no intrinsic value, and it is also not controlled by any central authority. The whole system is decentralized under the control of suspicious market control. Therefore, sudden positive or negative fluctuations in cryptocurrencies have been experiencing since its launch for crypto investors, specifically those who invest in Bitcoins. Additionally, there aren’t any particular financial indicators on which forecasting of these cryptocurrencies depends.
Nevertheless, blockchain technology is productive without any ambiguity as it is dominating in multiple dimensions. Considering principles of augmented and virtual reality, blockchain technology can help public and private organizations to strategize their policies. All developed states are adopting this technology into their work-in-processes to optimize limited resources and automate most of the tasks. Through this innovative tech approach, they are getting more productive and efficient processes.