Crypto New Media
  • Bitcoin
    • Regulation
    • Blockchain
    • Ethereum
    • Market
  • Politics

    Hot mic catches Roger Stone revealing how he gets Trump to do his bidding

    CPAC says Wyoming state legislature voted less conservatively than last session

    CPAC says Wyoming state legislature voted less conservatively than last session

    Toronto Blue Jays pitcher Anthony Bass apologizes for sharing a video calling for the boycotts of Target and Bud Light

    Pitcher Booed by Home Fans for Controversial Instagram Post

    To Kick Off Pride Month, MSNBC Invites GLAAD CEO To Repeat Debunked Bomb Threat Hoax

    To Kick Off Pride Month, MSNBC Invites GLAAD CEO To Repeat Debunked Bomb Threat Hoax

    Trump campaign rips Ron DeSantis for not deciding 'how to pronounce his name'

    Trump campaign rips Ron DeSantis for not deciding ‘how to pronounce his name’

    CNN Receives Backlash for Branding Tucker Carlson a 'Right-Wing Extremist'

    CNN & Fox Drop, MSNBC Only Network to Gain

    Trending Tags

    • People
      • All
      • royal families
      People are just realizing what's causing that eye twitch - it could be a chronic condition & coffee may make it worse

      People are just realizing what’s causing that eye twitch – it could be a chronic condition & coffee may make it worse

      Danny Masterson Found Guilty Of Two Counts Of Rape

      Danny Masterson Found Guilty Of Two Counts Of Rape

      ITV boss to face questions from MPs over This Morning drama

      ITV boss to face questions from MPs over This Morning drama

      Emma Raducanu splits with fifth coach in 18 months

      Emma Raducanu splits with fifth coach in 18 months

      ‘Teen Wolf’ Star Proposed To Phem Months Ago – Hollywood Life

      ‘Teen Wolf’ Star Proposed To Phem Months Ago – Hollywood Life

      Meghan Markle and Prince Harry

      Harry and Meghan issued warning amid plans to end royal bashing

      Trending Tags

      • Coupons
      No Result
      View All Result
      • Bitcoin
        • Regulation
        • Blockchain
        • Ethereum
        • Market
      • Politics

        Hot mic catches Roger Stone revealing how he gets Trump to do his bidding

        CPAC says Wyoming state legislature voted less conservatively than last session

        CPAC says Wyoming state legislature voted less conservatively than last session

        Toronto Blue Jays pitcher Anthony Bass apologizes for sharing a video calling for the boycotts of Target and Bud Light

        Pitcher Booed by Home Fans for Controversial Instagram Post

        To Kick Off Pride Month, MSNBC Invites GLAAD CEO To Repeat Debunked Bomb Threat Hoax

        To Kick Off Pride Month, MSNBC Invites GLAAD CEO To Repeat Debunked Bomb Threat Hoax

        Trump campaign rips Ron DeSantis for not deciding 'how to pronounce his name'

        Trump campaign rips Ron DeSantis for not deciding ‘how to pronounce his name’

        CNN Receives Backlash for Branding Tucker Carlson a 'Right-Wing Extremist'

        CNN & Fox Drop, MSNBC Only Network to Gain

        Trending Tags

        • People
          • All
          • royal families
          People are just realizing what's causing that eye twitch - it could be a chronic condition & coffee may make it worse

          People are just realizing what’s causing that eye twitch – it could be a chronic condition & coffee may make it worse

          Danny Masterson Found Guilty Of Two Counts Of Rape

          Danny Masterson Found Guilty Of Two Counts Of Rape

          ITV boss to face questions from MPs over This Morning drama

          ITV boss to face questions from MPs over This Morning drama

          Emma Raducanu splits with fifth coach in 18 months

          Emma Raducanu splits with fifth coach in 18 months

          ‘Teen Wolf’ Star Proposed To Phem Months Ago – Hollywood Life

          ‘Teen Wolf’ Star Proposed To Phem Months Ago – Hollywood Life

          Meghan Markle and Prince Harry

          Harry and Meghan issued warning amid plans to end royal bashing

          Trending Tags

          • Coupons
          No Result
          View All Result
          Crypto New Media
          No Result
          View All Result
          Home Bitcoin

          Blockchain Revolution: How Algorand’s Technology is Disrupting Traditional Banking Systems

          Butalik by Butalik
          March 14, 2023
          in Bitcoin, Blockchain, Market, Regulation
          Reading Time: 2 mins read
          57 2
          A A
          0
          190
          SHARES
          1.5k
          VIEWS
          Share on FacebookShare on TwitterShare on Reddt

          In the current landscape of financial transactions, blockchain technology has emerged as a revolutionary force that is challenging the status quo. Algorand Foundation CEO, Staci Warden, is leading the charge, and her recent interview with Yahoo Finance Live highlights the immense potential of blockchain in transforming traditional banking systems.

          Warden uses powerful metaphors to explain how blockchain can expedite international financial transactions more efficiently than traditional banking systems. In her words, blockchain eliminates the need for a middleman bank, acting as a direct bridge between two parties. This is akin to the ancient Silk Road, where merchants from different regions would exchange goods without any intermediaries.

          Moreover, Warden explains how blockchain operates on a unique ledger system, which is unlike any other. The process of sending money from Brazil to France typically goes through the correspondent banking system of the U.S., clearing at the Fed, incurring a fee deduction of around 6-8% and taking up to four days to reach its destination. In contrast, using Algorand’s blockchain technology, the same transaction would occur instantly, without any delay.

          Warden highlights the speed of Algorand’s blockchain technology, processing approximately 6,000 transactions per second currently, with plans to increase to 10,000 transactions per second later this year. To put this in historical context, the advent of the telegraph in the mid-19th century revolutionized long-distance communication, reducing the time it took to transmit messages from weeks to mere hours. Similarly, Algorand’s blockchain technology is revolutionizing the speed at which financial transactions can occur.

          Furthermore, Warden emphasizes the transparency benefits of blockchain technology, which allows for the easy tracing of transactions. This is comparable to the invention of the printing press in the 15th century, which enabled the dissemination of information in a transparent and efficient manner.

          Warden also emphasizes the security benefits of blockchain-based financial transactions, which can be secure from hackers due to the decentralized nature of the blockchain network. This is similar to the concept of a distributed network of watchmen in medieval cities, where no single watchman had control over the entire city.

          Related

          Top Gambling Sites

          Best US Online Gambling 2023 Real Money Sites & Bonuses

          June 1, 2023
          Bitcoin miner revenue climbs to $916 million in May

          Bitcoin miner revenue climbs to $916 million in May

          June 1, 2023
          Defensively Suspect S&P 500 Rebound

          Defensively Suspect S&P 500 Rebound

          June 1, 2023
          Ripple

          Ripple Releases One Billion XRP From Escrow

          June 1, 2023

          In conclusion, Algorand’s blockchain technology is disrupting traditional banking systems by facilitating faster, more transparent, and more secure financial transactions. As we look to the future, it’s clear that the blockchain revolution is just beginning.

          Tags: AltcoinBitcoinblockchainCryptocurrencydecentralizedfinancial
          Share76Tweet48ShareShare
          Butalik

          Butalik

          Related Posts

          Bitcoin miner revenue climbs to $916 million in May

          Bitcoin miner revenue climbs to $916 million in May

          June 1, 2023
          image 1 1

          Bitcoin (BTC) Continues To Defy Profit Realization Trends As Holders Remain Resilient

          June 1, 2023
          blockchain - Which math supports increasing Bitcoin blocksize requiring a gigabit connection?

          No inbound connections on my bitcoin full node with TOR

          June 1, 2023
          blockchain - Which math supports increasing Bitcoin blocksize requiring a gigabit connection?

          privacy – Are transactions from two separate bitcoin accounts on Ledger Nano S independent of each other?

          June 1, 2023
          Top Trader Says Ethereum on Cusp of Breakout Against Bitcoin, Predicts One Surging Altcoin Has More Fuel in Tank

          Top Trader Says Ethereum on Cusp of Breakout Against Bitcoin, Predicts One Surging Altcoin Has More Fuel in Tank

          June 1, 2023
          Cryptocurrency: The Ultimate Beginner's Guide

          Cryptocurrency: The Ultimate Beginner’s Guide

          June 1, 2023
          blockchain - Which math supports increasing Bitcoin blocksize requiring a gigabit connection?

          api – Blockchain endpoint working

          June 1, 2023
          blockchain - Which math supports increasing Bitcoin blocksize requiring a gigabit connection?

          bitcoin core – Transactions only work the first time

          June 1, 2023
          Popular Crypto Analyst Issues Major Bitcoin Alert, Says BTC Ripe for a ‘Flush Down’ – Here’s Why

          Popular Crypto Analyst Issues Major Bitcoin Alert, Says BTC Ripe for a ‘Flush Down’ – Here’s Why

          June 1, 2023
          Global Cryptocurrency Market to Grow by $1.81 Billion During 2023-2027

          Global Cryptocurrency Market to Grow by $1.81 Billion During 2023-2027

          June 1, 2023

          Leave a Reply Cancel reply

          Your email address will not be published. Required fields are marked *

          • Trending
          • Comments
          • Latest
          Conservatives Condemn Trump's 'Unhinged' Rant Against Kayleigh McEnany: 'This is Pathetic'

          Conservatives Condemn Trump’s ‘Unhinged’ Rant Against Kayleigh McEnany: ‘This is Pathetic’

          May 31, 2023
          Video Confirms Viral Trump Photo Is Real, He Looks That Bad

          Video Confirms Viral Trump Photo Is Real, He Looks That Bad

          May 30, 2023
          Ex Playboy Model Karen McDougal Details 10-Month Affair With Donald Trump

          Ex Playboy Model Karen McDougal Details 10-Month Affair With Donald Trump

          May 27, 2023
          Ryan Graves, a former US Navy pilot, has spoken out about what it was like coming into contact with a UFO mid-flight

          US Navy pilot says it’s ‘only a matter of time’ before UFOs hit military jets after ‘dark cube’ strafed his aircraft

          May 29, 2023
          'He’s gonna get charged': Experts predict Espionage Act violations for Trump after bombshell WaPo report

          ‘He’s gonna get charged’: Experts predict Espionage Act violations for Trump after bombshell WaPo report

          May 25, 2023
          Trump fumes at 'terrorists, misfits and lunatic thugs' in all-caps Memorial Day tantrum

          Trump fumes at 'terrorists, misfits and lunatic thugs' in all-caps Memorial Day tantrum

          May 29, 2023

          Hot mic catches Roger Stone revealing how he gets Trump to do his bidding

          June 1, 2023
          People are just realizing what's causing that eye twitch - it could be a chronic condition & coffee may make it worse

          People are just realizing what’s causing that eye twitch – it could be a chronic condition & coffee may make it worse

          June 1, 2023
          Danny Masterson Found Guilty Of Two Counts Of Rape

          Danny Masterson Found Guilty Of Two Counts Of Rape

          June 1, 2023
          Avalanche hits 1 million monthly active users for the first time

          Avalanche hits 1 million monthly active users for the first time

          June 1, 2023
          ITV boss to face questions from MPs over This Morning drama

          ITV boss to face questions from MPs over This Morning drama

          June 1, 2023
          CPAC says Wyoming state legislature voted less conservatively than last session

          CPAC says Wyoming state legislature voted less conservatively than last session

          June 1, 2023

          Crypto New Media




          We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.





          Categories tes

          • Bitcoin
          • Blockchain
          • Business
          • Ethereum
          • Guide
          • Market
          • People
          • Politics
          • Regulation
          • royal families

          Tags

          Biden Bitcoin Black Calls claims crypto day death debt DeSantis Family Fans Florida Football Fox GOP Hollywood Home House Kids Kim Life Love Man millennial News Photos Politics Post Price RedState Report reveals Royal Show shows Star top Trump Tucker tv Video White World Years



          • About
          • FAQ
          • Support Forum
          • Contact Us

          © 2017 JNews - Crafted with love by Jegtheme.

          No Result
          View All Result
          • Contact Us
          • Homepages
          • Business
          • Guide

          Welcome Back!

          Login to your account below

          Forgotten Password? Sign Up

          Create New Account!

          Fill the forms below to register

          All fields are required. Log In

          Retrieve your password

          Please enter your username or email address to reset your password.

          Log In

          Add New Playlist

          Go to mobile version