Blockchain and Cryptocurrency
Blockchain and Cryptocurrency The Blockchain is a technology solution independent of cryptocurrency. It’s a technology for storing digital records replicated on several databases to prevent alteration and establish security. Cryptocurrency only leverages the uniqueness of Blockchain to itself but they are not synonymous. The first use case for Blockchain was in cryptocurrency, this explains why over a number of years, both were almost seen to be same. But recent research from institutions ranging from IBM and Goldman Sachs to the US and Russia Government including various entrepreneurs have shown that other use cases are workable for Blockchain. In fact, various use of this nature has been clear in the financial services sector than in any other sector. While Blockchain can stand on its own and use as a solution enabling technology, cryptocurrency can’t, as its rise and fall depend strongly on the immutability of the Blockchain technology. Here are other areas of B...