What are the different types of blockchains?

11 Oct 2022 By PAYCEC

There are 3 different types of blockchain that are used to apply in distinguished sections:

Blockchain 1.0 is a cryptocurrency and blockchain-based payment gateway, which includes transfer activity and crypto conversion via an exchange or a payment processor. This is the most well-known section of blockchain, and users frequently confuse Bitcoin and blockchain. Crypto is accepted

Financial processors or digital banking contracts are built using Blockchain 2.0. Shares, checks, debts, and anything related to an agreement or contract are examples of blockchain 2.0 assets.

Blockchain 3.0 is being used in a variety of fields, including education, healthcare, and government systems, to create monitoring and supervised programs.

Blockchain technology improves and transforms into various services. Blockchain-based payment gateway is one of the most popular features of blockchain technology. PayCEC payment gateway provides a highly secure cryptographic money transfer service that includes an OTP confirmation with each transaction. Following that, it allows users to customize the interface to match the brand colors. PayCEC's risk management functionality will be one of its strong points, as all data will be encrypted and stored in a secure environment. This blockchain digital gateway satisfies PCI DSS certification requirements and includes an account management system for tracking transfer dates and amounts.