Blockchain: the financial revolution

Blockchain is on the list of technologies that are already changing the world! You can read about why this is the case below
Here we will look at the Blockchain in the financial sector. But it can be used everywhere: from the Internet of things to the management of goods and raw materials.

What is a Blockchain?
It is a database that consists of a chain of blocks, which are inseparable and connected to each other. It is not possible to remove or replace a block that exists in the chain. The database does not have a central computer as it is a decentralised system, which means that the information is stored on separate computers of all the users.

Let's look at the mechanism of the blockchain operations on the example of cryptocurrency.
In this case, a blockchain is a chain of blocks in which all the cryptocurrency wallets addresses, funds on users balances, and also financial operations information is stored. These operations are called transactions.

How does a blockchain work?
Let's say that you want to transfer money to a friend. The transaction contains all information about the sender, recipient, the amount of money transferred, and date. If the transaction is confirmed, it is added to the new block. It is then automatically added to the entire chain and appears in all the system of users.

Why is a blockchain safe?
It is impossible to change or delete transactions that have already been made. If you have transferred money to a friend, no one could steal that money. All transactions are recorded in a chain of blocks. This chain cannot be separated, as each block contains a reference to the previous one. It's impossible to change or delete blocks. You can only add new ones. It is always possible to reconstruct the history of money transfers and find out the owner of the money. This information is stored by all members of the network. To hack a block, you need to hack all the computers connected to the system. And this is physically impossible!

Blockchain in DigiU.Wealth
DigiU.Wealth helps to make money on a system that is based on Blockchain technology - Decentralised Finance (DeFi). This system is safe, transparent, and universal!
For more information on how DigiU.Wealth works and how it protects your investment, see https://clck.ru/RJcCQ.

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