Post
Topic
Board Economics
Re: Why we say the creation of Bitcoin is an Internet of value?
by
Baihaki Khaizan
on 21/08/2021, 19:10:44 UTC
The difference between blockchain and the internet that exists today is in the central storage. Today's internet is highly centralized or all activities are stored in central servers. One of the drawbacks is that if the server is attacked by cyber criminals, the entire operation of the organization or company will be disrupted. But blockchain is able to avoid these risks.

Secure and well-distributed blockchain network. All parties will be directly connected to the network without the need for large bandwidth and sophisticated infrastructure. Each node of the blockchain can be connected only to the wifi network.

So far, blockchain technology is known for digital currencies, such as Bitcoin, Ethereum and others.

Blockchain is a technology that cannot be seen directly, but humans can feel the benefits. Like digital money, the holder cannot see the physical form of money like currency but there is a binding value in it. Blockchain can be used as a transaction tool for buying and selling goods, even being exchanged for currency through digital asset exchanges.

So I dare say, Blockchain is as 'the next internet'.

Blockchain will also benefit many other industries in the future.