Before exploring how blockchain has simplified online trading, we need to define the blockchain system, its history, and how it works.
Before knowing how blockchain has simplified online trading, we need to define the blockchain system, its history, and how it works? A blockchain is a system through which bitcoin and other cryptocurrency trading are possible with a peer-to-peer linked system. There is no central authority over the system.
The people run the system instead of a central institution or government. It is based on peer-to-peer or person-to-person transactions. There is no need for a third party, middle man, or government to ensure the transaction. There is also no need to find the personalities of both seller and buyer. They can sell and buy commodities online without knowing or seeing each other.
Blockchain uses cryptocurrencies for trading. They are digital assets using cryptography for verification and records instead of a centralized government or institutions. The...
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