HashLynx Inc. awarded the 'Excellence in Finance - Companies' award at FiNext Conference Orlando

ORLANDO, Fla. - Sept. 17, 2019 - PRLog -- HashLynx Inc. was awarded the Excellence in Finance - Companies award for their significant contribution towards the financial sector at FiNext Conference 2019, held at the Hyatt Regency Grand Cypress, Orlando, Florida.

HashLynx will dramatically improve the efficiency and transparency of capital markets with our leading-edge blockchain solutions and financial expertise.

Currently, computing architecture is performed on a central server. This is what is referred to as a Centralized system. Blockchain is a decentralized database; there is no central point of control. Blockchain algorithms enable transactions to be constructed to form a series of incremental blocks of data. Each block is identified by a cryptographic hash of its predecessor block to ensure the construction of a chain. The hash represents the larger store of data and it is used to locate the data. All transactions are stored on a distributed ledger which ensures their authenticity. The transactions are secure in their virtual wallet, which is the address of their location.

Basically, blockchains can be classified into two types. The first is a Permissionless Blockchain, in which anyone can have access to the blockchain. The second is a Permissioned Blockchain, in which there is access only by known, trusted participants. There are also Private Blockchains and Public Blockchains. There can be multiple types of blockchains, and it is possible to have hybrids of these. Each type has its strengths and purposes. Each business, after careful consideration, should determine which is the most suitable option for their respective business.

Blockchains are comprised of a network of distributed nodes. Every node stores an exact and unchanging copy of the entire blockchain. The nodes validate and relay transactions to reach a consensus. The consensus is an important aspect of the blockchain. It is an agreement that the transaction actually happened. There is never a question of whether or not an agreement has occurred. The transaction is executed when consensus is reached.

The third FiNext Awards & Conference was held on the 29th & 30th of August at the Hyatt Regency Grand Cypress in Orlando, Florida. This event was the much awaited Finance and Technology conference of the year 2019 for North American region which aimed at bringing together the best and brightest from the field of Finance & Technology under one roof.

The conference strives to build a platform for startups, SMEs, key decision makers, researchers, investors and people from the media to interact and garner meaningful alliances.

For more information, visit: https://finextcon.com/member/hashlynx-inc/
HashLynx Inc. Website: http://www.hashlynx.com/