Breaking the Blockchain Myths – Big Buzz

author

admin

Administrator

February 25, 2020

Last updated: March 30, 2022

Blockchain Myths & Facts

Blockchain is one such forefront technology that has changed the way how assets are transferred and stored. It may sound weird but the conviction is that even this revolution technology has some uncovered blockchain myths & facts. Let’s decrypt it.

#1 More Than Currency

This supreme technology gets employed on a large scope and is not just resisted with Financial sectors alone. For instance, Healthcare industries use blockchain for maintaining the patient’s record safely. This technology gets a massive usage for goods tracking in supply chain management, document secrecy in the government administration sector and to cut down the middle man intervention in real-estate, and many more.

#2 Blockchain In DarkWeb

As the name denotes DarkWeb is the search engine and website that secretly functions with a tremendous user rate than the normal ones. These websites give users the privilege of being anonymous in all the activities they perform. Now, if you doubt what blockchain does over there, the answer goes like this, on bitcoin making its way into the market, the dark web businesses got to do their transactions way secured and protected. Those anonymous users who firstly enjoyed their personal data privacy now got to enjoy the secured give and take. For example, SilkCity.

Blockchain Myths

#3 Hackable Or Unhackable

A common myth to be rift off in technology is the ideology of hacking. As the codes for the software have been developed by human beings there are chances of making errors. That makes a point clear that every complex piece of code has the weakest uttering hidden within. In spite of HTTPS and blockchain working on the same algorithm employing a handful of people for mining can break the unhackable mythology.

#4 Blockchain Info Private Or Public

Generally, the usage of a public distributed ledger brings a thought that all the user pieces of information and details posted on to the blockchain get public visibility, which is not correct. Wherein the visibility of details depends on different use cases and the technology deployed. In all business to business, the transactions are private, and only with proper permissions, the information gets a public scope. Even on making transactional information public only the amount of the transaction and a hash (code generated by driving transaction details through a cryptographic method) gets an open scope. Therefore, it is impossible to have access to more information on the transaction. 

Implement this reliable and secure technology into your supreme application with Calibraint. ” A Perfect Choice For A High-End Solution “

Related Articles

field image

Have you ever been browsing an online store and suddenly thought, “How did they know I wanted that?” That little surprise moment usually happens because an AI recommendation system in ecommerce is quietly working behind the scenes. These smart systems learn from your behavior and serve up suggestions that feel almost perfectly timed. But here’s […]

author-image

Calibraint

Author

04 Jul 2025

field image

In today’s fast-paced digital world, the heart of every successful application lies in its backend infrastructure. Whether it’s handling millions of users, enabling real-time data exchange, or protecting sensitive information, a strong backend ensures everything runs smoothly. And that’s exactly why businesses are turning to backend development with Node js and backend development with Python […]

author-image

Calibraint

Author

30 Jun 2025

field image

Have you ever wondered why your online shopping feels more personalized than ever? From suggesting the exact product you were thinking about to crafting emails that speak directly to your preferences—what’s powering this smart, almost intuitive experience? The answer lies in generative AI in ecommerce. According to a McKinsey report, companies using AI-driven personalization strategies […]

author-image

Calibraint

Author

26 Jun 2025

field image

Let’s face it—today’s enterprise landscape is fast, fragmented, and unpredictable. Warehouses are no longer confined to a single location, and stock levels can change in the blink of an eye. If you’re still relying on spreadsheets or delayed system updates, you’re not just falling behind—you’re risking lost revenue. That’s where Real Time Inventory Apps for […]

author-image

Calibraint

Author

19 Jun 2025

field image

What if your business could expand into new markets, launch new services, and integrate with global platforms—all without writing a single line of custom code from scratch? In the age of digital transformation, agility and rapid scalability have become key business drivers. But what enables such seamless innovation behind the scenes? The answer lies in […]

author-image

Calibraint

Author

13 Jun 2025

field image

Imagine this: You’ve just launched your long-awaited mobile app. The code is clean, the UI looks sleek, and the performance seems solid. You now “own” the app – every line of code, every screen, every API. But here’s the real question: Do you truly own the innovation behind it? In today’s digital economy, intellectual property […]

author-image

Calibraint

Author

29 May 2025

Let's Start A Conversation

Table of Contents