Bitcoin blew up in 2017 and rose to record heights as the world welcomed the exciting new opportunities presented by cryptocurrencies. Bitcoin wasn\u2019t the only cryptocurrency that made its mark, with Ethereum, Ripple, Litecoin, Dash, Monero, and many more others rising greatly in value and market capitalization. While all the attention was on the astronomical price rise of these digital currencies, few took note of the transformational power of the technology that underpins all these digital currencies; the blockchain technology.The blockchain is a decentralized digital ledger which records transactions of diverse nature. Records on the blockchain are immutable. This means that they can\u2019t be manipulated, altered or interfered with once they are validated and added to the blockchain. Decentralization means that the ledger is not held by any one person and is distributed to millions of users all around the world. This makes interference impossible as every user has a version of the blockchain on their computer and it is technically impossible to access all these computers. The blockchain is broken down into many individual blocks which come together to form the blockchain. A block is a record of any nature, from financial transactions to insurance information and even voting information. There is no limit to the nature of the information that can be recorded on the blockchain. The uses of the blockchain are increasing by the day, with several startups springing up each day with unique and transformative uses that are pushing the boundaries of human imagination. Some of the fields where the blockchain technology is being used include:1 Funds transferThis was the initial use and most renowned application of blockchain technology. Financial institutions, from banks to remittance firms, are now turning to the blockchain in their numbers for funds transfer. One of the most successful blockchain platforms has\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin blew up in 2017 and rose to record heights as the world welcomed the exciting new opportunities presented by cryptocurrencies. Bitcoin wasn\u2019t the only cryptocurrency [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3841"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=3841"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=3841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=3841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=3841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}