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xEnabler is a product of partnerships between Delivery, Technology and Innovation. Together the team at xEnabler brings over 40 years of combined experiences to deliver best-in-industry projects that go beyond just code and embrace the concept of real-world solutions.
Blockchain is a decentralised ledger of all transactions across a peer-to-peer network. In other words, a database that distributes records or shared ledgers of all digital events that have been implemented and shared among other blockchain participants.
In blockchain, transactions are recorded and secured in a shared ledger, which provides a verified time-stamped record of all transactions, securely and with auditable information. With the implementation of blockchain, users can confirm transactions without a need for a central clearing authority.
Cryptocurrency (also known as crypto) is a medium of exchange, created and stored electronically in the blockchain, by using encryption techniques to control the creating of monetary units and verify the transfer of funds.
There are more than 10,000 cryptocurrencies that are traded publicly – with the total value being almost $2.5 trillion USD.
The most common example of cryptocurrency is Bitcoin!
Interested to find out more about what you can do with blockchain? Contact us!
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