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The Eloquence Of Blockchain In The DeFi Space

 

Here are some interesting pointers about blockchain.

 

Blockchain came into effect with the launch of Bitcoin, which used this technology to record transactions

Blockchain technology uses a public ledger, and all the information remains transparent to all the nodes of the network

The global market size of the blockchain, which is at $4.9 billion, is expected to grow to $67.4 billion by 2026.

90% of U.S. and European financial institutions are getting the hang of blockchain technology

Blockchain holds a huge business potential and a vast scope for investments

40 million users across 20 countries are adopters of this technology currently

The transaction costs of blockchain are multiple times cheaper than traditional economy

$270 billion and more assets distributed in blockchain

15% of investors are IT professionals to have invested in blockchain

 

So, what we infer from all this is that blockchain is prepping up to take center stage in a short while. To trace back to a time when Blockchain actually gained popularity was in 2008 when Bitcoin was launched. It provided a unique way to accredit the crypto transactions without involving papers or officials and with just only blocks.

 

And now it has pierced into various sectors. Many organizations are establishing their decentralized version gaining power from the blockchain to bring about efficiency and transparency in operations. Smart contracts gear up the blockchain usage, and thus it is a vital necessity to have them audited and well secured to stand against security breaches.

 

 

Let’s look into the diversified spread out of blockchain technology across different niches.

 

 

For More Info-https://audits.quillhash.com/smart-contract-audit

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