According to many financial experts, blockchains and cryptocurrencies could be the solution to prevent another financial crisis from happening. But many are still skeptical about whether it is all a hype or a real opportunity to invest.

The other half are not even sure how the blockchain and crypto actually work. Whichever category you belong to, it is a fact that both blockchain and cryptocurrencies are capable of changing the world in several ways.

To understand how that would and could happen, first you have to know what these are.

In simple terms, blockchain is a system that stores all the information of transactions made using any cryptocurrency. They are stored in the form of blocks that are linked to one another. Each block, in turn, has the information from the previous making it impossible to modify the data.

Bitcoin is one of the most popular cryptocurrencies in the market now. It is decentralized, but since each transaction is verified with blockchain, it is far from being unaccountable.

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