What is a blockchain solution?

03 Oct 2022 By PAYCEC

At its most basic, a blockchain solution is a digitally distributed ledger that stores transactional records. Blockchain is the underlying technology behind cryptocurrency, which is allegedly more secure than traditional databases as it obviates the need for a third-party facilitator.

Blockchain wallets, which allow users to store, manage, and trade cryptocurrencies, are one of the blockchain payment solutions.

Users of blockchain wallets can keep track of their Bitcoin, Ether, and other virtual assets. It charges dynamic fees, which means that transaction fees can vary based on factors like transaction size.

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