Assalamu aleykum Brothers and sisters🌹🌹
I will try to poste regular publications about Blockchain technology follow me if you are interested 🙏
What is Blockchain technology🤔 ? What is the purpose of using Blockchain🤔? What are example of applications🤔? To know the answer of those questions and more please read bellow and don't forget to like & share to educate our Umma 👇
👉Blockchain technology is a way of storing and sharing information electronically in a distributed and secure manner. It is based on the idea of a chain of blocks, where each block contains a record of transactions or data that are verified and linked together by cryptographic hashes.
👉Blockchain technology can be used for various purposes, such as recording transactions, tracking assets, building trust and reducing costs.
👉Some examples of blockchain applications are:
💥Cryptocurrencies: digital currencies that use blockchain to facilitate peer-to-peer transactions without intermediaries or central authorities. Bitcoin is the first and most well-known cryptocurrency that uses blockchain technology.
🔥Non-fungible tokens (NFTs): unique digital tokens that represent ownership of digital or physical assets, such as art, music, videos, games, etc. NFTs use blockchain to ensure the authenticity and scarcity of the assets.
♥️Smart contracts: self-executing agreements that are stored and executed on a blockchain network. Smart contracts can define the conditions and terms of transactions, such as payments, deliveries, insurance claims, etc., and automate their execution without human intervention.
Assalamu aleykum Brothers and sisters🌹🌹
I will try to poste regular publications about Blockchain technology follow me if you are interested 🙏
What is Blockchain technology🤔 ? What is the purpose of using Blockchain🤔? What are example of applications🤔? To know the answer of those questions and more please read bellow and don't forget to like & share to educate our Umma 👇
👉Blockchain technology is a way of storing and sharing information electronically in a distributed and secure manner. It is based on the idea of a chain of blocks, where each block contains a record of transactions or data that are verified and linked together by cryptographic hashes.
👉Blockchain technology can be used for various purposes, such as recording transactions, tracking assets, building trust and reducing costs.
👉Some examples of blockchain applications are:
💥Cryptocurrencies: digital currencies that use blockchain to facilitate peer-to-peer transactions without intermediaries or central authorities. Bitcoin is the first and most well-known cryptocurrency that uses blockchain technology.
🔥Non-fungible tokens (NFTs): unique digital tokens that represent ownership of digital or physical assets, such as art, music, videos, games, etc. NFTs use blockchain to ensure the authenticity and scarcity of the assets.
♥️Smart contracts: self-executing agreements that are stored and executed on a blockchain network. Smart contracts can define the conditions and terms of transactions, such as payments, deliveries, insurance claims, etc., and automate their execution without human intervention.
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