Bitcoin is the world firstly centralised digital currency created for exchange on the internet and for the payment of goods and services directly from the buyer to the seller without intermediates and government control.
More and more companies and organisations are supporting bitcoin payments. You can buy anything you like and transaction occur instantly without any commission or no fees charged by the third parties.
SUMMARY OF Hdac:
The Hdac platform provides the solution for the missing algorithms in blockchain in order to process the crypto currency transaction.
The Hdac system uses the public and private blockchain which allows highest transaction speeds and this technology allows random number of generation to safe guard the transactions.
The Hdac systems are highly efficient and secured in the growth of IoT industry.
Integration between Blockchain Networks
At the earlier stages the blockchain technology is getting popular because of its transparency in the transaction. The level of blockchain has been increased across the industries such as crypto currency, attendance verification, forecast markets, and international finance.
So the amount of data and the transaction increases, the public blockchain will exceed their capacity.
IoT and Security
Iot, cloud, big data and Mobile are the major technology which will play role of the next industrial revolution in the market.
The Iot is expected to expand access to the market and also increase efficiency and convenience for the clients with good economics values.
The most important advantages of the Iot is, it enable the devices to work efficient and stays connected.
The data collected on the normal blockchain platforms are real time on a internet which can be security breach to the data.
So the Iot platforms stay connected and smart which avoids the security breach and the data loss in the transaction
And also Iot has the ability to make the network that can support ultra advanced M2M transaction which can process more secure, reliable and independently with customizable input from the consumers.
Thanks and Regards,
@anishraj03