Cryptocurrency Uses Blockchain Technology. Major Cryptocurrencies are 1-Bitcoin–BTC, the first CC year of launching in 2009 ,known as father of all CC. 2-Ethereum-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 the people think that Blockchain technology is only used for Crypo-currency, but it has much more wider applications. The pictures below are self-explanatory.
Main benefits are – 1 -No third party involvement 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
The chart below depicts that this technology is being used in a wide variety of systems. Besides Bitcoin,it is being applied in Voting,Digital IDs, Internet, Real estate,Payment and transfers,Law enforcement,Banking. Online music and Healthcares etc.
Application of block Chain Technology
Application of block Chain TechnologyThe use of this BC technology is extensive in the Healthcare sector. Online consultation, Prescibing drugs after matching their side effects then approving them for use. Diagnostic tests and keeping all patient’s detailed records in private and secure manure. All this is done by Blockchain technology. The chart below depicts all these.
Use of blockchain technology in healthcare
Use of blockchain technology in healthcare
TO BE CONTINUED NEXT —————CRYPTO WALLET ,MINER,S ROLE ETC
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