Blockchain
By Ayobami Abiola
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One thing is common to all blockchain technologies: Blocks and chains
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Decentralization with No ‘Blocks’ and ‘Chains’- Directed Acyclic Graphs (DAG)
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Blockchain technology since its inception has been like a foundation upon which many developers like builders have made changes to fit their desired application or solve a…
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Bitcoin was built to ease cross-country transfer of funds, with security, speed, and low transaction fee at its core.
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All blockchains have blocks where transactions are recorded periodically. Blocks have transactions, the hash to previous blocks, and the hash to the present block.
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But there is another solution in the financial technology industry that promotes decentralization but not necessarily Blockchain with ‘blocks’ and ‘chains’.
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A project like the Currency Of The Internet- COTI has built on the foundational structure of DAG and modified it to look much more like Blockchain Technology in security.
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Blockchain Technology and decentralization in the financial will continue to evolve as new and innovative solutions arise daily.
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In the next 50 years, will Bitcoin still be here?
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