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After the transaction is verified, it will be combined with other transactions to create a new data block for the ledger. Then the new block is added to the existing blockchain which is permanent and unalterable and then the transaction is complete.</p>\n\n\n\n<h3>Advantages of blockchain</h3>\n\n\n\n<ul><li>Accuracy : transactions on a blockchain network are approved by a network of computers. It reduces the human involvement in the verification process, human error and enhances an accurate record of data.</li><li>Decentralized system : the approval of regulatory authorities by government or banks for transactions. However, transactions are approved by the mutual consensus of users; results in transactions are safers and faster.</li><li>Transparency : Most blockchains are open source. It means that anyone can view the code and transactions.</li></ul>\n\n\n\n<h3>Disadvantages of blockchain</h3>\n\n\n\n<ul><li>Illegal activity : Although confidentiality on the blockchain network protects users from hackers, it allows illegal trading on the blockchain network.</li><li>Speed inefficiency : Bitcoin’s system takes a bit long to add a new block to blockchain. Although other tokens such as Ethereum perform better than bitcoin, their blockchains still limit.</li></ul>\n","excerpt":"<p>A blockchain is a decentralized block of all transactions across peer to peer networks. The blockchain contains a unique identifier to differentiate it from other blocks in the chain.</p>\n","date":"September 13, 2021","acfGlossaryRelatedTerms":{"glossaryRelatedTerms":{"term1":null,"term2":null,"term3":null}}},"relatedArticles":{"nodes":[]},"latestArticles":{"nodes":[{"title":"What is CBDC? 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And find out what to do if you are in the crash!</p>\n","date":"April 25, 2022","featuredImage":{"node":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#a8b8c8","images":{"fallback":{"src":"/static/8851e241ed76fe22a552599884242fe2/5653c/Crypto-Crash-1.jpg","srcSet":"/static/8851e241ed76fe22a552599884242fe2/b8422/Crypto-Crash-1.jpg 173w,\n/static/8851e241ed76fe22a552599884242fe2/60514/Crypto-Crash-1.jpg 345w,\n/static/8851e241ed76fe22a552599884242fe2/5653c/Crypto-Crash-1.jpg 690w","sizes":"(min-width: 690px) 690px, 100vw"},"sources":[{"srcSet":"/static/8851e241ed76fe22a552599884242fe2/cd8ca/Crypto-Crash-1.webp 173w,\n/static/8851e241ed76fe22a552599884242fe2/bc8e1/Crypto-Crash-1.webp 345w,\n/static/8851e241ed76fe22a552599884242fe2/dfdf5/Crypto-Crash-1.webp 690w","type":"image/webp","sizes":"(min-width: 690px) 690px, 100vw"}]},"width":690,"height":412}}}}}},{"title":"7 Popular NFT Coins You Need to Know","slug":"nft-coins","excerpt":"<p>Here is a list of 7 NFT coins you should know. Check out what they are and why NFT coins are important in the NFT market.</p>\n","date":"April 22, 2022","featuredImage":{"node":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#482808","images":{"fallback":{"src":"/static/d36d2a43d985d5c573eae734a97a83c9/5653c/NFT-coins.jpg","srcSet":"/static/d36d2a43d985d5c573eae734a97a83c9/b8422/NFT-coins.jpg 173w,\n/static/d36d2a43d985d5c573eae734a97a83c9/60514/NFT-coins.jpg 345w,\n/static/d36d2a43d985d5c573eae734a97a83c9/5653c/NFT-coins.jpg 690w","sizes":"(min-width: 690px) 690px, 100vw"},"sources":[{"srcSet":"/static/d36d2a43d985d5c573eae734a97a83c9/cd8ca/NFT-coins.webp 173w,\n/static/d36d2a43d985d5c573eae734a97a83c9/bc8e1/NFT-coins.webp 345w,\n/static/d36d2a43d985d5c573eae734a97a83c9/dfdf5/NFT-coins.webp 690w","type":"image/webp","sizes":"(min-width: 690px) 690px, 100vw"}]},"width":690,"height":412}}}}}}]}},"pageContext":{"lang":"au","footerMenus":"[{\"slug\":\"about-us-au\",\"acfMenu\":{\"menuTitle\":\"About Us\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDoxMDkwMQ==\",\"label\":\"About\",\"url\":\"/about-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDkwMg==\",\"label\":\"Terms and Conditions\",\"url\":\"/terms-and-conditions-au/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDQxMTU=\",\"label\":\"ZipUp+ Terms and Conditions\",\"url\":\"/zipup-terms-and-conditions-au/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDkwMw==\",\"label\":\"Privacy Policy\",\"url\":\"/privacy-policy-au/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDkwNA==\",\"label\":\"In the Media\",\"url\":\"/news/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoyOTA2OA==\",\"label\":\"Careers\",\"url\":\"https://zipmex.bamboohr.com/jobs/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"mobile-au\",\"acfMenu\":{\"menuTitle\":\"Mobile\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDoxMDkyNA==\",\"label\":\"iOS\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDoxMDkyNQ==\",\"label\":\"Android\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"products-au\",\"acfMenu\":{\"menuTitle\":\"Products\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDoxMDkyNw==\",\"label\":\"Trade\",\"url\":\"https://trade.zipmex.com.au/exchange/\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDoyNDY4MQ==\",\"label\":\"Earn\",\"url\":\"/earn/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoyNDczMw==\",\"label\":\"ZMT\",\"url\":\"/zmt/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"support-au\",\"acfMenu\":{\"menuTitle\":\"Support\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDoxMDkzMA==\",\"label\":\"Support Center\",\"url\":\"/support/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDkzMQ==\",\"label\":\"Announcements\",\"url\":\"/announcements/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDkzMg==\",\"label\":\"Contact Us\",\"url\":\"/contact-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDkzMw==\",\"label\":\"Fees\",\"url\":\"/fee-schedule-au/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozMjc2NA==\",\"label\":\"Get updates\",\"url\":\"https://communications.zipmex.com.au/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozNTk0MA==\",\"label\":\"Learn\",\"url\":\"/learn/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo0NTk5MA==\",\"label\":\"Corporate Account Creation\",\"url\":\"https://offer.zipmex.com.au/corporateaccounts/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDAzMDM=\",\"label\":\"Private Client Services\",\"url\":\"https://campaign.zipmex.com/privateclientservices_au/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDMyMDk=\",\"label\":\"Apply To List\",\"url\":\"https://zipmex.com/zipmex-labs-application-form/\",\"cssClasses\":[],\"target\":null}]}}]","latestPosts":"[{\"title\":\"What is CBDC? 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