Pros and Cons of Blockchain Technology
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Because of the internet, people and businesses can now collaborate in novel ways. This may be observed in the rise of various online communities where people establish, self-govern, and prosper on their own terms. Blockchain technology takes it to the next level, allowing people who have nothing in common other than the fact that they utilize the same platform to collaborate and transfer value. The benefits of Blockchain are numerous, but do you realize what makes it an urgent necessity? Its distributed database, known as Distributed Ledger Technology (DLT), which is administered by a group of people. Yes, Blockchain is a disruptive technology when compared to traditional database systems.
🕒 Timestamps 🕒
00:00 Introduction
01:00 Major Pros of Blockchain Technology
05:09 Major Cons of Blockchain Technology
08:45 Final Thought
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