Blockchain’s Role in Reinventing ATM Security: A Game-Changer in Banking

Blockchain technology allows for the creation of a structured data structure that is intrinsically secure. A cryptocurrency is based on the principles of cryptography, decentralization, and consensus, which is a mechanism that ensures that transactions can be trusted. 

Data is usually organized into a series of blocks, and within each block, there is a transaction or bundle of transactions, which makes up the most popular blockchain or distributed ledger technologies (DLT).

This cryptographic chain is constructed by connecting every new block to all those before it to ensure that no block can be tampered with in the future. 

An agreement mechanism is used to verify and agree upon the validity of all transactions within blocks, and this mechanism ensures that each transaction in the block is valid.

A crucial part of keeping our money safe and secure is the use of technology in the world of modern banking. 

There are many breakthrough technologies in the world today, and blockchain is one of them. The Indian market for digital payments is expected to have a market capitalization of an astounding 500 billion by 2020 with its growth on a steady track. 

Several factors, including demonetisation and government e

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