Blockchain technology explained
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Blockchain technology explained
Distributed Ledger Technologies like Blockchain will revolutionize IoT and the way we do business. A look behind the hype.
May 14, 2019
Shorts
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Bitcoin is a so-called crypto currency. A better word is crypto asset since actually it is so far not clear if it is a currency. One of the key use cases is transferring money worldwide with low transactions costs. Nowadays, if you transfer 1000 EUR from Germany to Indonesia, you do not know when the money arrives in Indonesia and you do not know how much arrives. The reasons for this are complex processes between international banks which cost time and fees. So you send 1000 EUR from Germany to
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Bitcoin is a so-called crypto currency. A better word is crypto asset since actually it is so far not clear if it is a currency. One of the key use cases is transferring money worldwide with low transactions costs. Nowadays, if you transfer 1000 EUR from Germany to Indonesia, you do not know when the money arrives in Indonesia and you do not know how much arrives. The reasons for this are complex processes between international banks which cost time and fees. So you send 1000 EUR from Germany to
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Bitcoin is a so-called crypto currency. A better word is crypto asset since actually it is so far not clear if it is a currency. One of the key use cases is transferring money worldwide with low transactions costs. Nowadays, if you transfer 1000 EUR from Germany to Indonesia, you do not know when the money arrives in Indonesia and you do not know how much arrives. The reasons for this are complex processes between international banks which cost time and fees. So you send 1000 EUR from Germany to
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