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Why Residency Planning Is Important In The Age Of Blockchain

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  • Why Residency Planning Is Important In The Age Of Blockchain

    Like it or not, the blockchain is becoming an ever more important part of our lives. Countries are investing heavily in this new technology which could have the promise of becoming as important to our every day world as 5G networks will be in communications. At its core, blockchain is a computer-based, software-like system called cryptology that networks individuals creating a permanent indelible record of their interactions, like a ledger in accounting records debits and credits. A good visual image is a spiderweb connecting parties to transactions. Blockchain is simply a public database of transactions, distributed across thousands of computers around the world. Each computer that hosts the entire blockchain network is called a “full node.” The blockchain operates without a central controller, and decisions are made by the consensus of all the participants - transaction by transaction.

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    Like it or not, the blockchain is becoming an ever more important part of our lives. The question for some traders and investors active in this field is what countries are best for residence planning to minimize taxation, maximize income and enjoy life. This article explores those questions.
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