Redefining Traditional Financial System With Blockchain Technology

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Over a decade now the world has seen several technologies which has eased man’s nomadic habits/ nature and it has improved methods and approach towards issues and problems pertaining to he’s daily living. Moving from the earliest time in which the creation of computers to smartphones which is a piece of technology in everybody hands. Who has ever imagined that these innovations will become affordable and available to use, technology has changed every productive sector of the modern world and the sector which is frantically on everyone’s lips is blockchain.

Since the creation of bitcoin which was a product of a financial digital experiment, the financial sector has changed drastically due to the fact that this experiment ushered in the blockchain technology. The technology which is twice has fast when making transactions and these transactions are temper proof which is open to the general public. A blockchain which works as a digital book keeping, is said to keep records of transactions that happens within a block.

What’s blockchain?- Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved.

What’s bitcoin? - Bitcoin is a decentralized digital asset. It is a new type of asset that joins the ranks of traditional assets such as cash, gold, and real estate.

If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

Over here we refer to users as lions, so are you ready to be a lion here is my referral link See leoglossary for the terms used within this post also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.
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Posted Using LeoFinance Alpha