Blockchain technology, which encompasses cryptocurrencies, has become a hot topic, yet its inner workings remain a mystery to many. This overview delves into the applications and obstacles associated with this innovative technology, drawing from credible sources. Originally, blockchain emerged as a component of digital ledger technology (DLT) in the late 20th century. DLT functions as a digital database, akin to a ledger, where information can be accessed and shared simultaneously. This decentralized and transparent nature of blockchain has found uses in various sectors, including finance, supply chain management, and healthcare. However, challenges such as scalability, energy consumption, and regulatory concerns must be addressed for widespread adoption.
HomeDIGITAL ASSETS REGULATORYstablecoin euRemaining regulatory challenges in digital finance and crypto-assets after MiCA