Blockchain technology in 500 simple words
A recent Financial Times long-read article outlined how diverse financial institutions try to promote the use of blockchain technology to optimize how their transactions are performed. This will allow them to take place instantly, rather than waiting for clearing, around the clock, rather than during working hours, and with automated actions, such as the rebalancing of a tracker fund when asset prices change. Obviously this entails many risks. Although the article tried to explain the basics of how blockchain technology works, it left out many important elements. Read on to learn the absolute essentials of blockchain technology in fewer than 500 simple words.
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