Blockchain In The Banking Sector : How do they meet?

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Blockchain is a decentralized and advanced form of transactional technology, an appropriated ledger distributed across many computers. This makes it almost impossible to fake or double-spend, unlike net banking, where users can mistakenly double-spend due to a wrong network or a glitch in the bank network.

In addition, net banking is an offshoot of the conventional banking systems tapping into technology for easy banking. However, this system has in place supervision and regulations by the government to restrict some transactions. But blockchain has little government or private influence, allowing users to transact instantly without incurring charges.

Get the detailed insights here:>>> https://blog.coinfantasy.io/blockchain-banking/

#blockchainbanking #blockchainandbanking

Tags: government, blockchainbanking, Blockchain, Blockchain In The Banking Sector, technology

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