In one or the other way, we all came across the word “Blockchain” a most advanced technology. But now blockchain technology has innumerous benefits in transforming financial services and also has a huge capacity to impact many businesses and industries.
A blockchain is an allocated database as the information in the database is not connected to a single location. It can grab date of ordered records which are know as blocks. These block are interlinked to another block and vice versa.
Blockchain is a highly secured database. This technology came into force in 2008 which was introduced by Satoshi Nakamoto, and then it is executed for the first time in 2009 to develop a global currency called bitcoin, Litecoin, monero, Etherum etc.
The blockchain acts as an open ledger for all crypto casino transactions all over the world. With the help of the blockchain system, bitcoin became the first digital currency all over the world. The security features in the blockchain system are designed through the allocated server and peer-to-peer network.
Do we ever think of having an app dealing with all cryptocurrencies? Yes, creating an app dealing with crypto by using blockchain technology can gain control over all digital assets. It can make all payments and transactions much easier and simpler.
Blockchain in mobile apps is quite a unique concept developed, the only drawback here is blockchain technology requires high storage capacity which a mobile cannot adopt. Hence it can only go for the functionality of the technology in case of security.
Electronic wallet apps can store all your digital assets and allow your funds to be safe and secure. Digital assets tracker app on the other hand gives information about traders, markets, stocks these all apps are powered by blockchain technology.
We have the most interesting infographic on Blockchain in the mobile application market developed by our team from winbtc.net please have a look.