Innovation is an important concept to understand, with the fast changing world people adopt to changes by the use of technology. One of the advancement today is the emerging market of blockchain technology. With a blockchain, many people can write entries into a record of information, and a community of users can control how the record of information is amended and updated. Likewise, Wikipedia entries are not the product of a single publisher. No one person controls the information. Descending to ground level, however, the differences that make blockchain technology unique become more clear. Blockchain technology is also a huge part of cryptocurrency, because of its decentralized framework, transaction transparency, and immutable record keeping are among the significant benefits offered by blockchain technology. However, great as these are, decentralization also poses a great challenge, in terms of oversight and visibility.
The reason why it's a must to monitor blockchain transactions and integration is that cryptocurrencies have become the preferred means of paying for illegal goods or money laundering. Dark web operators have accepted crypto as payment for illegal activities like drugs and illegal firearms. This is an alarming situation that needs an immediate solution to prevent people who are planning and doing unwanted activities with blockchain technology. That's why PARSIQ, a blockchain analytics and monitoring company proposed the use of Real-Time Blockchain Analytics. Several measures can be used to strengthen the security and integrity of the blockchain ecosystem. More often than not, preventive measures will be better we need the ability to monitor and analyze blockchain transactions both in a historical and real-time basis. This means effectively keeping eyes on activities across blockchains can limit this illegal activity. As a result, this makes it possible to spot unusual transactions or activities before they reach scale. Today, the advancements and the spread of media and information technologies are bringing everyone closer to new realities in contemporary society. That's why it's a must to be disciplined and this kind of invention to limit those who are ill-mannered people on doing illegal activities.
[link] [comments]
source https://www.reddit.com/r/btc/comments/diisej/why_theres_a_huge_demand_for_realtime_blockchain/
Comments
Post a Comment