Advantages of blockchain technology
## Advantages of blockchain technology
[source](https://www.google.com/search?q=blockchain&client=ms-android-alcatel&prmd=nvi&source=lnms&tbm=isch&sa=X&ved=2ahUKEwi4xZfF77PgAhXjTRUIHf-ZDWwQ_AUoA3oECA4QAw&biw=360&bih=560#imgrc=_0Z-7d4MEtBMdM)
With blockchain technology getting more noticeable, a lot of people don't know the advantages of blockchains. Blockchains are very beneficial to user and businesses due to it transparency and security.
## Advantages of blockchains
1. **Transparency**- With blockchain technology every transaction is recorded and permanently stored on the blockchain. Users can easily track transactions though a blockchain explorer and get details about their transaction.
2. **Security**- Security is one of the biggest features on blockchains and it is almost impossible for someone to steal your funds. Each wallet address has is own unique private key and this key should always be stored securely, preferably stored offline and stored on a cold wallet.
3. **Transaction speed and fee's**- Transactions on blochchains can reach a wallet address instantly were banks can take hours to days. If you were going to send large amount of money, fee's on a blockchain can be almost near zero were banks will charge a much higher fee.
4. **Decentralization**- The best part about blockchain is that there is no middleman. Blockchain uses a peer-to-peer network to validate every transaction. So your trust will be solely on the blockchain technology.
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