Busha Newsletter; 30th September
The blockchain is a digital ledger that records all transactions per time, that is every transaction carries a time stamp. Every transaction is also recorded openly and managed by a peer-to-peer network which also validates the transaction. The blockchain by design is probably the most efficient and secure way to record data. It, therefore, has several applications some of which include the healthcare sector, payments, asset management and even music.
Just last week, the UAE launched a blockchain-based system to manage the assessment information of health professionals and practitioners. It is intended that this system will be used by local licensing authorities which will help save time, costs and make data gathering more efficient. Bitcoin is a blockchain-based system (cryptocurrency) that has disrupted the world view on currency. It has passed all the basic tests of a typical currency and exceeded expectations on so many levels. At the risk of sounding like a broken record, we reiterate that cryptocurrency (Bitcoin) is the future of money and that future is just around the corner.
You can still buy bitcoin from the best platform available in Nigeria: Busha. It is available on the web, Android and iOS. Fund your account easily with personalized account numbers. You can also sell your crypto and get paid instantly with the “instant buy/sell” option.
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