At the heart of the excitement surrounding cryptocurrency is blockchain technology. Blockchain technology is the foundation that all virtual currencies are built upon. It is the decentralized and digital ledger technology that records all of the transactions without needing a financial intermediary, like a bank. Blockchain technology appears to offer four distinct advantages over existing payment facilitation networks. Transparency One of the main reasons why blockchain is so intriguing is that the technology is always open source. This means that other users and developers have the opportunity to change it as they see fit. Being open-source makes altering logged data within the chain, complicated, making blockchain technology particularly secure. Reduced Transaction Costs Blockchain allows peer-to-peer and business-to-business transactions to be completed without having to work with a third party. Without the involvement of a middleman, like a bank, tied...