Blockchain is a massive technology breakthrough that shook the world in the last few years. Just in a short decade, thousands of cryptocurrency startups have emerged and closed shop shortly after.
Naturally, the success story — or lack thereof — causes everyone to be skeptical about this technology. Blockchain, as a technology, can achieve something even more amazing than a US$10,000-a piece digital currency.
If you’re reading this, chances are you’re familiar with the Blockchain technology and its popular application such as Bitcoin and Ethereum.
But in case you aren’t, Blockchain is a decentralized ledger of all transactions in a peer-to-peer network invented by Satoshi Nakamoto. The decentralization that happens in a Blockchain network allows secure transactions and data verifications without the need of a third party authenticator.
That said, the Blockchain technology has more room to grow beyond just cryptocurrency. It could even be a future-proof technology.
This infographic from Breadnbeyond explains why the Blockchain could be a future-proof technology.
It covers several subjects:
How Blockchain networks work.
The advantages and disadvantages of the Blockchain.