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BLOCKCHAIN TECHNOLOGY FEATURES
1)Increased Capacity One of the remarkable things about peer-to-peer Blockchain technology is that they can increase the capacity of the total network. Having Number of computers working get to together as a whole can have greater power than a few centralized servers.
2)Better Security Blockchain to have better security because there is no any point of failure to shut down the network. The highest levels of the financial system are vulnerable to hacks. Bitcoin, on the other hand, has never been hacked. Sure it is possible to hack individual private keys if they are not securely stored, but the network in and of itself remains fully secure.
3)Immutability Creating immutable ledgers is one of the main value propositions for blockchains. Any centralized database can be corrupted and generally requires trust in a third party to keep the information accurate. Blockchains like Bitcoin keep the ledger in a perpetual state of forwarding momentum because millions of dollars worth of hashing power confirm new transactions that are recorded.
4)Faster Settlement Traditional international banking can be very slow, with settlement times often taking days to process. This is the main reason why most financial institutions are looking to upgrade their systems. Blockchains can usually settle money transfers at near instant speed. This can save time and money for the entire financial industry.
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