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This is the meaning of Blockchain, the origin and superiority that you have not yet known...

Written By Hanny & Melissa on Saturday, April 13, 2019 | Saturday, April 13, 2019

BlockChain is a transaction recording technology integrated with modern technology, which has a unique, irreversible code that revolutionizes the workings of the internet, banking and other things.

BlockChain's word meanings come from Block and Chain, each of which has its own meaning. Chain is a unique chain recording and is a flow of all consistent stages of an item / transaction.

Block (Special box) is a place / boundary / special area to accommodate all item changes / transactions that occur during the process chain.

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BlockChain Technology plays a very important role in creating digital currencies, for example Bitcoin. the development of Blockchain and Bitcoin Technology in Indonesia has started rapidly since 2015.

Blockchain technology is often cited as the best solution for inefficiency or waste in the financial sector, but also has the potential to make a wider positive social impact if implemented by the government.

# Advantages of Block Chain Technology:

- Instant.
- Safe.
- Efficient.
- And Transparent.

Data transmission occurs instantly and efficiently. All transactions and data storage are guaranteed to be safe because they are replicated throughout the blockchain network so that to change one data the hacker must also change the same data on all other user's computers at the same time.

This is very impossible to do, Blockchain is like a big book where all transactions are transparent and can be checked by everyone so as to ensure credibility

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# Peer-to-Peer Technology

Transactions using Blockchain technology are peer-to-peer, meaning that data (Can be messages, money, or important information) can be transferred from one user to another without the help of a third party to process it.

With Blockchain, we no longer need to depend on one server because all transactions are replicated throughout the network so that we avoid various forms of fraud because of modified data, server down, or hacked accounts.

Already know friends - what is blockchain and its advantages, hope this information is useful for those of you who don't know what blockchain means.

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