Cryptocurrency Uses Block chain Technology. Major Crprocurrencies are 1-Bitcoin–BTC, first CC year of launching 2009 ,known as father of all CC. 2-Ehereum-ETH,year of launching 2015 3-Ripple-XRP, year of launching 2013 4-Dogecoin-DOGE, year of launching 2013 5-Binance-BNB,year of launching 2017 6-Monero-XMR, year of launching 2014
Application of Block Chain Technology-Most of the people think that Block-Chain technology is only used for Crypo-currency, but it has much more wider applications. Pictures below are self-explanatery.
Main benifits are – 1 -No third party envolvement 2- Real time tracking 3 -Transparency 4- Security 5 – Trusted transaction 6- Cost is much reduced. 7- No single point failure
APPLICATION AND USES OF BC TECHNOLOGY
Chart below depicts that this technology is being used in wide variety of systems . .Besides Bitcoin ,it is being applied in Voting ,Digital IDs ,Internet, Real state ,Payment and transfers ,Law enforcement ,Banking. Online music and Healthcares etc.
Use of this BC technology is extensive in Healthcare sector.Online consultation ,Prescibing drugs after matching its side effects then approving it for use. Diagnostic tests and keeping all patients detail records in private and secure manure .All this is done by Blockchain technology.Chart below depicts all these.
TO BE CONTINUED NEXT —————CRYPTO WALLET ,MINER,S ROLE ETC