Ever since Satoshi Nakamoto invented Bitcoin in 2009, the new blockchain technology has been growing from local to mainstream with a wide range of use-cases. However, despite the increasing growth of blockchain technology, some people still don't have full trust in its existence. This will lead me to discuss what I like most about blockchain. What I like most about blockchains are the stated below:
Disintermediation: One of the major features of blockchain is that it is decentralized and trustless. This means that you do not need a large central server for your data to be saved. Due to this, there can be successful transfer or sharing of data without the need for any intermediary to validate or authorize it.
Low Cost of Transactions: Since no intermediaries are required in the sharing of data, the overhead costs for the exchange of assets are removed. Thus, there is high potential that the cost of transactions will be greatly reduced by blockchain.
Transparency: Another thing I like about blockchain is that; As a developer, I can successfully track, fathom, audit and put up suggestions in the improvements of this blockchains.
Security: Even though blockchain is still facing some security crisis, It is still a new technology which possesses a high level of security in transactions carried out on blockchain technology compared to other traditional methods.
Anonymization: I also like blockchains simply because all of my identities, credentials and assets have a very low probability of getting deanonymized by third parties or hackers.
Faster Speed of Transactions: Transactions done on the blockchain network are much more faster than bank transaction ( such as wire transfers) which usually take several days to go through
Store of Value: Another thing I like about blockchains is that; it can serve as an efficient and effective way to store value since it possess some good numbers of gold features.
You really did justice to this ...Weldon, I wish you best of luck