Blockchain 12

Blockchain was at a stage of technological development that was ripe for a decentralized payment and settlement system.

We should also note the fact that the entire world is still using a different form of e-money: the US dollar. The blockchain is a new alternative to fiat money, and it's not going to replace e-money anytime soon. However, the blockchain offers a better way to process transactions while still relying on a trusted third party.

As a result, the number of financial transactions with blockchain technology has already more than doubled in the past year. In total, the value of blockchain assets is now approaching 1 trillion dollars.

For the sake of comparison, the total value of all assets in the bitcoin ecosystem today is $10 billion.

The technology uses a cryptographically secure network for the entire transaction.

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