In recent years, the market for blockchain technology has tremendous growth due to the usage of cryptocurrency transactions and it can destroy the other IceRiver KS1. The concept of blockchain is that it’s an open ledger that can store any kind of transaction data in a transparent and immutable way. Blockchain technology is a decentralized concept and it doesn’t need intermediaries during transactions. Ledger technology helps in many cases and also records bitcoin transactions.
Satoshi Nakamoto is the person who invented both bitcoin and blockchain technology. But nobody knows the identity of Satoshi Nakamoto. But, some of the people have imagined that a man of Japanese – American origin from Temple City, Los Angeles named Dorian Satoshi Nakamoto who is the father of Bitcoin. Many coincidences have happened at that time. For Example, a computer scientist – Hal Finney, who is the neighbor to Nakamoto was the first person to receive a bitcoin transaction. But Dorian Satoshi Nakamoto denied it at that time. So, we are yet to find the true identity of the bitcoin inventor.
Switzerland, Gibraltar, and Malta are the three most recommended blockchain and crypto-friendly countries in the world. When it comes to the country Switzerland – they have the most stable economy in the world and also have been accepting of both blockchain and cryptocurrency. Gibraltar was the first-ever country to introduced and facilitate trading by the way of cryptocurrency for establishing a financial service commission. The main aim of this commission is to provide a license for ICO Operations. It also keeps on track of the organizations which deal with crypto. Malta is a famous place for blockchain and cryptocurrency. Malta is commonly called as the blockchain island and is considered as the hub for the blockchain development. It is considered as the birthplace for the blockchain and many crypto companies. It is the first choice who are ready to start your business and work in the blockchain sphere.
Passing the phase of initial Pyrrhonism, governments all over the world are gradually realizing for having their crypto can be very useful. It doesn’t take much time to launch crypto against virtual currencies. They are safe, secured and environment-friendly as well. It is cost-effective than minting currencies. Currently, there are over 15 countries including the world’s best economic countries like the USA, UK, Saudi Arabia, Japan, China, Korea, etc, are interested to launch their official cryptocurrency. Increased use of blockchain is expected to increase the adoption of IoT through vehicles, household devices, etc. As per the market reports, it will help the industry to reach $50 billion by 2020.
