Cryptocurrency and blockchain have taken the world by storm, with people making and losing fortunes according to the value of Bitcoin, Ethereum, Dogecoin, Shiba Inu, and countless others, as outlined by Fortune. While cryptocurrency (and NFT projects) may get the lion’s share of media coverage, closely associated is blockchain technology. The two go hand-in-hand, but blockchain has far wider applications and uses for all types of businesses (via Investopedia). In fact, according to Blockdata, 81 of the top 100 companies globally are already using blockchain technology.
What’s more, Research and Markets predicts the blockchain market will grow at a compound annual growth rate (CAGR) of 68.4%, reaching some $67.4 billion by 2026.
Despite the growing importance of blockchain technology, many still don’t understand exactly what it is, or why so many companies are investing in it. Even those who may know a little about it may still not understand how its application extends far beyond cryptocurrency.
Continue reading: https://www.slashgear.com/what-exactly-is-blockchain-19707861/
What’s more, Research and Markets predicts the blockchain market will grow at a compound annual growth rate (CAGR) of 68.4%, reaching some $67.4 billion by 2026.
Despite the growing importance of blockchain technology, many still don’t understand exactly what it is, or why so many companies are investing in it. Even those who may know a little about it may still not understand how its application extends far beyond cryptocurrency.
Continue reading: https://www.slashgear.com/what-exactly-is-blockchain-19707861/
