What is wrong with blockchain?

11 Oct 2022 By PAYCEC

There is nothing wrong with blockchain. Blockchain is an advanced technology that is utilized in a diversity of commercial services due to its special functionalities.

Blockchain cannot be forged or sabotaged. Only quantum computers are capable of deciphering blockchain code, and blockchain technology will only vanish when there are no computers left in the world. This is why blockchain payment gateways are trusted to use internationally. Blockchain data cannot be changed and is saved in perpetuity thanks to its immutability. It also provides private storage where blockchain data and information are distributed and recorded in a highly secure environment. Any user can monitor blockchain data and analyze transaction history on different computer addresses transparently. Blockchain technology could be used to embed if-this-then-that (IFTTT) condition codes to automatically operate contracts without the involvement of third parties.

PayCEC develops a blockchain payment gateway that improves the transfer process for customers through its 3-D security process, which sends an OTP to users in every transaction. Furthermore, PayCEC is certified by the PCI DSS classification standard, and its system is audited monthly to ensure network quality and stability. Users can request that PayCEC modify the gateway display to match their desired design. This blockchain-based payment processor is compatible with smartphones and computers and is constantly upgraded by a technical expert team. Audiences can use PayCEC gateway after registering the account.