The Business Research Company's blockchain in banking and financial services market research report expands on key drivers, trends, and growth opportunities in the market.
LONDON, Aug. 9, 2022 /PRNewswire/ -- The rising use of cryptocurrency will drive the growth of the market. Cryptocurrency is a peer-to-peer digital payment system that doesn't rely on banks to verify transactions. Cryptocurrencies run on a distributed public ledger called a blockchain, a record of all transactions updated and held by currency holders. Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins. Users can also buy the currencies from brokers, then store and spend them using cryptographic wallets. For example, according to Pew Research, a nonpartisan think tank company, in November 2021, the vast majority of U.S. adults have heard at least a little about the blockchain technology industry and...
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