The article outlines a number of disadvantages, advantages and advantages of the blockchain today. Also, the types of blockchain are given and how blockchain allows you to organize trade without intermediaries, which can later introduce many services into everyday life and change the way the banking sector works. Mukhammedova Zarina Murodovna "Disadvantages and Advantages of Blockchain" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46253.pdf Paper URL: https://www.ijtsrd.com/economics/other/46253/disadvantages-and-advantages-of-blockchain/mukhammedova-zarina-murodovna
International Journal of Trend in Scientific Research and Development (IJTSRD)
Volume 5 Issue 5, July-August 2021 Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470
@ IJTSRD | Unique Paper ID – IJTSRD46253 | Volume – 5 | Issue – 5 | Jul-Aug 2021
Page 1937
Disadvantages and Advantages of Blockchain
Mukhammedova Zarina Murodovna
Associate Professor of the Department "Finance"
Samarkand Institute of Economics and Service, Uzbekistan
ABSTRACT
The article outlines a number of disadvantages, advantages and
advantages of the blockchain today. Also, the types of blockchain are
given and how blockchain allows you to organize trade without
intermediaries, which can later introduce many services into
everyday life and change the way the banking sector works.
KEYWORDS: blockchain, bitcoin, cryptocurrency, peer-to-peer,
proof-of-work, disadvantages, advantages
How to cite this paper: Mukhammedova
Zarina Murodovna "Disadvantages and
Advantages of Blockchain" Published in
International
Journal of Trend in
Scientific Research
and Development
(ijtsrd), ISSN: 2456-
6470, Volume-5 |
Issue-5,
August
2021,
pp.1937-
1939,
URL:
www.ijtsrd.com/papers/ijtsrd46253.pdf
Copyright © 2021 by author (s) and
International Journal of Trend in
Scientific Research and Development
Journal. This is an
Open Access article
distributed under the
terms of
the Creative Commons
Attribution License (CC BY 4.0)
(http://creativecommons.org/licenses/by/4.0)
In recent years, representatives of government
agencies, business, the financial sector, and the
banking community have shown great interest in a
relatively new technology - blockchain. Initially, this
technology was mentioned exclusively in connection
with such a phenomenon as cryptocurrencies, the first
of which, Bitcoin, appeared in 2009.
The blockchain is usually managed over a peer-to-
peer network. Once written, the data in any block
cannot be changed without completely changing all
subseq