The blockchain was introduced as the underlying technology that powered Bitcoin – a brand
new type of money.
Although individual exchanges and crypto-related services were hacked in the past, this has
never happened within the blockchain network.
These are currently two popular consensus algorithms:
● Proof of Work
● Proof of Stake
The most important aspect of blockchain is the exclusion of intermediaries in the payment
International money transfers
You know that cross-border transactions are much more expensive than those that take place
within the country. This happens because if you live, for example, in the US, and want to send
money to someone in Japan, there will be a lot of intermediaries along the way,