Starting from a data recording system for bitcoin in 2008, blockchain is now a multipurpose application for various industries and cryptocurrencies. This includes the ClearCoin virtual money, which you can use for various transactions. In fact, you can even have better security and more efficiency with Clear Coin transactions when you run it with blockchain. This is all because of the great features of blockchain that gives tremendous advantages in financial industries.
What are the Great Features of Blockchain that Can Help with Your ClearCoin Transactions?
Blockchain have few big features that is truly advantageous for financial transactions. These features proves that the blockchain technology can help a lot with your Clear Coin deals. Some of these features are:
- Blocks in blockchain is hard to edit. Blocks contains the data of your transactions history. If one block needs to be changed, one should edit all of the subsequent blocks in a chain too. This simply means that unauthorized people cannot easily tamper your transaction details, thus keeping its confidentiality and reliability.
- All parties can view the blocks in real-time speed. If a change is made, it will instantly reflect on the blockchain. Therefore, there is no time for another party to change its details maliciously.
- Blockchains are protected by cryptographic codes, thus it is almost impossible to hack it up. This can keep your transaction records from unauthorized people, and is safe from malicious programs.
Aside from those features, the blockchain is also easy to use for everyone. It can accommodate small transactions, or even large deals like business and banking transactions. Moreover, using ClearCoin on blockchain can let you have highly reliable and highly secured escrow transactions among some other deals. You just have to find a reliable blockchain service provider, for you to have all of the advantages blockchain can provide.