E-commerce industry has been expanding at a rapid pace in recent years and the prospect of the industry looks very bright. Mostly everyone shops online these days and the growth possibilities are exemplary. In this blog, we shall see the possibilities for blockchain based e-commerce business in today’s world and how the arrival of blockchain has transformed the e-commerce industry.
Hats off to His Cryptomajesty Blockchain!
To many businesses’ joy, the concept of a solution providing secure capital access, real-time automation and potential investor influx get more and more popular.
Some specialists say that we are in the midst of a new gold rush related to blockchain technology.
These days the whole mess of firms and agencies choose new technologies to make it in a global digital world.
In other words, try your best to answer the following question: What would I profit by that?
Making decisions needs a sort of motivation.
Right from the advent of the Bitcoin in 2008 by Satoshi Nakamoto, blockchain technology is disrupting each and every industry as it is adopted at a massive rate by enterprises of every nature: small, medium, and large.Read Full Story: https://bit.ly/33xmoYl
Well, you will find the answer as you read along.
In fact, Satoshi Nakomoto himself did not intend to create virtual money.
This is an internet-based exchange medium where the transaction takes place on the blockchain ledger.
To be even more precise, it is immune to the old ways of government’s control and interference.
Yes, the primary function of the nodes is to verify the transaction and make sure that the money is not spent twice.
Hence all the nodes now know which bitcoin was spent and which still remains unused.
We can find these transactions in any blockchain browser and are available to everyone in public ledger.
This was the only known transaction performed by Satoshi Nakamoto.
French currency and Bitcoin transaction
A citizen of Finland, Martti Malmi was also known as Sirius who was a software developer, sold 5050 BTC for $5.02 to New Liberty Standard.
The first ever real-world bitcoin transaction
Software architect from Florida, Laszlo Hanecz is welkown for his historic bitcoin transaction.