{"id":3646,"date":"2019-11-19T22:12:26","date_gmt":"2019-11-19T22:12:26","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=3646"},"modified":"2019-11-19T22:16:49","modified_gmt":"2019-11-19T22:16:49","slug":"4-big-advantages-of-blockchain","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/","title":{"rendered":"4 Big Advantages of Blockchain"},"content":{"rendered":"\n

<\/p>\n\n\n\n

At the heart of the excitement surrounding cryptocurrency is blockchain technology. Blockchain technology is the foundation that all virtual currencies are built upon. It is the decentralized and digital ledger technology that records all of the transactions without needed a financial intermediary, like a bank. Blockchain technology appears to offer four distinct advantages over existing payment facilitation networks.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Transparency<\/strong><\/p>\n\n\n\n

One of the main reasons why blockchain is\nso intriguing is that the technology is always open source. This means that\nother users and developers have the opportunity to change it as they see fit.\nBeing open source makes altering logged data within the chain, complicated,\nmaking blockchain technology particularly secure.<\/p>\n\n\n\n

Reduced\nTransaction Costs<\/strong><\/p>\n\n\n\n

Blockchain allows peer-to-peer and\nbusiness-to-business transactions to be completed without having to work with a\nthird-party. Without the involvement of a middleman, like a bank, tied to the\ntransactions in a blockchain, the costs to the user or business can be\nsignificantly reduced over time. <\/p>\n\n\n\n

Faster\nTransaction Settlements<\/strong><\/p>\n\n\n\n

When dealing with traditional banks, it isn\u2019t uncommon for a transaction to take days to become settled completely. This is because of the protocols established in bank transferring software, as well as the fact that most financial institutions are only open during the day. Blockchain technology, on the other hand, works 24 hours a day, seven days a week, which means transactions made with the blockchain technology can be processed more quickly. <\/p>\n\n\n\n

\"\"
www.byatek.com<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Decentralization<\/strong><\/p>\n\n\n\n

Another reason why blockchain technology is\nso exciting is its lack of a central data hub. Rather than having to run a\nmassive data center and verifying the transactions through the center,\nblockchain technology allows individual transactions to have their own proof of\nvalidity, as well as the authorization to enforce the constraints. Since\ninformation on a particular blockchain is piecemealed on individual servers\nthroughout the world, it ensures that if hackers stole the data, they would\nonly gain a small amount of data and not the entire network, keeping it from\nbecoming completely compromised.<\/p>\n\n\n\n

Even with these advantages, there is still a significant worry that can’t be overlooked. Throughout history, investors have continued to overestimate how quickly a new technology will be adopted. Like most new technologies it will take time to lay the groundwork for blockchain, and it could still be some years before businesses fully embrace this technology as a significant component of their payment systems.<\/p>\n\n\n\n

www.byatek.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

At the heart of the excitement surrounding cryptocurrency is blockchain technology. Blockchain technology is the foundation that all virtual currencies are built upon. It is the decentralized and digital ledger technology that records all of the transactions without needed a financial intermediary, like a bank. Blockchain technology appears to offer four distinct advantages over existing …<\/p>\n","protected":false},"author":1,"featured_media":3652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[17],"tags":[],"aioseo_notices":[],"yoast_head":"\n4 Big Advantages of Blockchain - AtoZcrypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 Big Advantages of Blockchain - AtoZcrypto\" \/>\n<meta property=\"og:description\" content=\"At the heart of the excitement surrounding cryptocurrency is blockchain technology. Blockchain technology is the foundation that all virtual currencies are built upon. It is the decentralized and digital ledger technology that records all of the transactions without needed a financial intermediary, like a bank. Blockchain technology appears to offer four distinct advantages over existing …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/\" \/>\n<meta property=\"og:site_name\" content=\"AtoZcrypto\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-19T22:12:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-19T22:16:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/atozcrypto.org\/wp-content\/uploads\/2019\/11\/blockchain1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1296\" \/>\n\t<meta property=\"og:image:height\" content=\"752\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"AtoZcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AtoZcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/\",\"url\":\"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/\",\"name\":\"4 Big Advantages of Blockchain - AtoZcrypto\",\"isPartOf\":{\"@id\":\"https:\/\/atozcrypto.org\/#website\"},\"datePublished\":\"2019-11-19T22:12:26+00:00\",\"dateModified\":\"2019-11-19T22:16:49+00:00\",\"author\":{\"@id\":\"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/atozcrypto.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"4 Big Advantages of Blockchain\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/atozcrypto.org\/#website\",\"url\":\"https:\/\/atozcrypto.org\/\",\"name\":\"AtoZcrypto\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/atozcrypto.org\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b\",\"name\":\"AtoZcrypto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/atozcrypto.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g\",\"caption\":\"AtoZcrypto\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"4 Big Advantages of Blockchain - AtoZcrypto","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/","og_locale":"en_US","og_type":"article","og_title":"4 Big Advantages of Blockchain - AtoZcrypto","og_description":"At the heart of the excitement surrounding cryptocurrency is blockchain technology. Blockchain technology is the foundation that all virtual currencies are built upon. It is the decentralized and digital ledger technology that records all of the transactions without needed a financial intermediary, like a bank. Blockchain technology appears to offer four distinct advantages over existing …","og_url":"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/","og_site_name":"AtoZcrypto","article_published_time":"2019-11-19T22:12:26+00:00","article_modified_time":"2019-11-19T22:16:49+00:00","og_image":[{"width":1296,"height":752,"url":"https:\/\/atozcrypto.org\/wp-content\/uploads\/2019\/11\/blockchain1.png","type":"image\/png"}],"author":"AtoZcrypto","twitter_card":"summary_large_image","twitter_misc":{"Written by":"AtoZcrypto","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/","url":"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/","name":"4 Big Advantages of Blockchain - AtoZcrypto","isPartOf":{"@id":"https:\/\/atozcrypto.org\/#website"},"datePublished":"2019-11-19T22:12:26+00:00","dateModified":"2019-11-19T22:16:49+00:00","author":{"@id":"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b"},"breadcrumb":{"@id":"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/atozcrypto.org\/4-big-advantages-of-blockchain\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/atozcrypto.org\/"},{"@type":"ListItem","position":2,"name":"4 Big Advantages of Blockchain"}]},{"@type":"WebSite","@id":"https:\/\/atozcrypto.org\/#website","url":"https:\/\/atozcrypto.org\/","name":"AtoZcrypto","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/atozcrypto.org\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/atozcrypto.org\/#\/schema\/person\/4385199dcdeec6bd69b0fb4158673b0b","name":"AtoZcrypto","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/atozcrypto.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e2c8254f59dd013c234edbb46471dfe8?s=96&d=mm&r=g","caption":"AtoZcrypto"}}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts\/3646"}],"collection":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/comments?post=3646"}],"version-history":[{"count":3,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts\/3646\/revisions"}],"predecessor-version":[{"id":3651,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/posts\/3646\/revisions\/3651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/media\/3652"}],"wp:attachment":[{"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/media?parent=3646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/categories?post=3646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atozcrypto.org\/wp-json\/wp\/v2\/tags?post=3646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}