Blockchain, its advantages and future
What is Blockchain?
Blockchain is a decentralized database that records and stores data in blocks that are linked in chronological order. Nowadays the blockchain technology is continuously offering lots of benefits to different industries, as it provides a high level of security in the world full of malicious attacks.
What are the advantages of blockchain?
One of the main advantages is its distribution. As you understand, all the data in blockchain stores on thousands and millions of devices, and that means that there is no one single point of failure.
Security is the most important feature. The security of the blockchain technology is also ensured by a unique encryption scheme as well as by a digital signature that includes two keys, private and open, to form blockchain and to check the blocks.
Moreover, blockchain is a perfect technology because of its stability. It is almost impossible to change or delete the data that has already been registered in the blockchain.
The last point is that you can trust blockchain. Most of the traditional payment systems have intermediaries, like a bank, a credit card company, etc. The blockchain technology has changed this situation — a distributed network of nodes verifies all the transactions.
Global investments related to blockchain technology, according to the estimates of analytical agencies in 2021, reached 9.7 billion US dollars. The size of the market is calculated based on the projected revenues from the implementation of blockchain solutions and the provision of services and services based on it.
Relictum Pro is a scalable, hyper-modern blockchain, with a view to the far future. This is a platform that can be used both with thin clients and with more powerful processors, basic stations, as well as with the latest electronic and computer technologies, including quantum computers.
A blockchain is a chain of blocks, and Relictum Pro is a system of event formalization having dynamic blocks in addition to the chains of blocks themselves.
This greatly expands the possibilities and brings to another level of the mathematical apparatus, and allows you to create not only one-dimensional models of chains, but two-dimensional, three-dimensional, and even four-dimensional models of event formalization.
