{"id":249236,"date":"2023-01-04T12:42:13","date_gmt":"2023-01-04T12:42:13","guid":{"rendered":"https:\/\/imarticus.org\/?p=249236"},"modified":"2024-04-06T18:59:50","modified_gmt":"2024-04-06T18:59:50","slug":"blockchain-and-its-applications-in-the-cryptocurrency-era","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/blockchain-and-its-applications-in-the-cryptocurrency-era\/","title":{"rendered":"Blockchain and its applications in the cryptocurrency era"},"content":{"rendered":"

Before we delve into this topic, a few concepts need to be cleared. To begin with, let us first have a look at the definitions of the two things that we are dealing with in this article. Blockchain is a kind of technology which supports the existence of a cryptocurrency. What do we understand about cryptocurrency? It is an exchange medium, such as the US dollar, which is digital in nature and incorporates the use of cryptographic techniques and other related protocols in order to track fund transfer. Notably, Bitcoin is one of the most popularly known cryptocurrencies. You can opt for an <\/span>MBA in fintech training program<\/b><\/a> to learn more about these concepts.<\/span><\/p>\n

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Blockchain technology refers to a decentralised ledger that keeps a track of all the transactions that take place over a peer-to-peer network. With the help of this technology, participants can easily confirm the transactions without the need for an authority that will be sitting centrally. Some of the potential applications are fund transfer and trade settling. Blockchain technology helps to provide a secure and transparent solution for the stakeholders so that they can connect with ease.<\/span><\/p>\n

Some applications of blockchain in the age of cryptocurrency<\/strong><\/h2>\n

Stated below are some of the applications of blockchain technology:<\/strong><\/p>\n