You want to be fully educated on the different terms and technology before investing thousands of dollars into anything. Today, we will explain blockchain technology and discuss some of its applications.
The blockchain is used in a variety of applications such as: the sale and storage of cryptocurrency and non-fungible tokens (NFTs), data storage, casino and gambling businesses, money transfers, and logistic and supply networks.
Overall the blockchain is still in its infancy. Its scalability hasn't been tested. In addition, it can be expensive and it's not energy-efficient. With time, blockchain technology will become more efficient and accepted.