Why Residency Planning Is Important In The Age Of Blockchain

Why Residency Planning Is Important In The Age Of Blockchain

Blockchain technology promises to be a leading feature of life in the future. What countries are the ... [+] most receptive to crypto assets and the blockchain? This is a key question for traders and investors in terms of their residence planning.





getty





Like it or not, the blockchain is becoming an ever more important part of our lives. Countries are investing heavily in this new technology which could have the promise of becoming as important to our every day world as 5G networks will be in communications. At its core, blockchain is a computer-based, software-like system called cryptology that networks individuals creating a permanent indelible record of their interactions, like a ledger in accounting records debits and credits. A good visual image is a spiderweb connecting parties to transactions. Blockchain is simply a public database of transactions, distributed across thousands of computers around the world. Each computer that hosts the entire blockchain network is called a "full node.“ The blockchain operates without a central controller, and decisions are made by the consensus of all the participants - transaction by transaction.



Cryptocurrency is a new form of digital asset designed to work as a medium