Digital infrastructure is the backbone of a digital economy. It serves as a platform for financial services, payments, and other applications powered by blockchain technology. Digital infrastructure can be broken down into three key components: networks, platforms and protocols.
Networks are the physical connections between computers (or nodes) that allow them to communicate with each other on the internet or within an intranet system. These networks provide data storage and communication capabilities needed for blockchains to function properly in distributed systems such as cryptocurrency exchanges or payment processing solutions.
Platforms are specialized software application layers built on top of existing network infrastructure used to create various types of decentralized applications (DApps). Such DApps typically include smart contracts running on Ethereum-based blockchains which facilitate transactions between different users without any intermediaries involved in the process making it faster and more secure than traditional banking methods while also reducing costs associated with middlemen fees commonly charged by banks or third parties when transferring money internationally.
Protocols refer to sets of rules that govern how data flows across these networks so they remain safe from malicious actors trying to access sensitive information stored within them such as private keys used for signing off crypto wallets containing valuable cryptocurrencies like Bitcoin or Ether tokens held inside them respectively – this makes sure only authorized personnel have permissioned access over their own funds at all times ensuring no unauthorized individuals gain control over someone else’s assets without prior consent given from both sides involved in said transaction(s).
