Get to know Blockchain and NFT with Bali Blockchain Center – The trend of investing in crypto assets is growing all over the world. Indonesian people’s interest in digital assets has increased in recent times. This can be seen from the number of investors and the volume of transactions that have increased exponentially.

The public’s great enthusiasm for cryptocurrencies was seen to increase in the first semester of 2021. For 3 months, from May to July 2021, digital money transactions in Indonesia increased significantly, almost reaching Rp470 trillion.

This condition is in line with the increasing number of crypto asset accounts from 3 million to 7 million accounts, along with the application of blockchain technology that continues to develop.

Increasing investor interest in crypto assets in Indonesia needs to be accompanied by literacy and education movements so that people understand crypto assets.

Also Read: This Viral Teen Claims To Have 3019 Bitcoins In 2010, Now The Price Is IDR 2.69 Trillion

Blockchain is a technology that is used as a digital data storage system that is connected through cryptography. The use of blockchain technology cannot be separated from Bitcoin and Cryptocurrency, although there are many sectors that can take advantage of this technology.

When viewed from the naming system, blockchain itself consists of two words, namely block which means group, and chain or chain. This reflects how blockchain works, which utilizes computer resources to create interconnected blocks (chains) to execute a transaction.

Through the discovery of how to transact Bitcoin, simultaneously the Blockchain concept was initially only used to secure digital money transactions, until now it has experienced rapid development that can be applied in various ways, especially in the digital field that prioritizes trust, security, and the validity of a transaction. data transactions.

However, in reality there are still thoughts regarding the definition of Blockchain and cryptocurrencies such as Bitcoin are the same thing in ordinary people.

Actually, this thinking is of course a mistake that must be corrected. Basically Blockchain is of course not the same as cryptocurrencies like Bitcoin or other digital currencies.

Also Read: Bitcoin Price Continuously Bullish, Reaches Record Highs in History

Bitcoin is not the only crypto asset gaining popularity during the Covid-19 pandemic. Recently, the name Non-Fungible Token or better known as NFT has also received attention.

Source: – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by

*The article has been translated based on the content of – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!