Top 7 advantages of Blockchain.
7. Blockchain is decentralized :- Blockchain is controlled neither by a bank nor entity.
6. Blockchain is democratizing :- People who have excluded from business and industry can be included.
5. Blockchain is fast :- Blockchain speeds up financial transactions as the internet sped up written communication.
4. Blockchain is cost effective :- As the Blockchain mature high gas fees or usage fees for blockchains such as Ethereum will come down.
3. Blockchain is energy efficient :- Attendant use of computer power for mining will change.
2. Blockchain enables tokenization :- This technology offers wealth building opportunity who can't access it in fractional ownership form.
1. Blockchain is transparent :- So, anyone with access to a blockchain can see what is on it.