Blockchain really provides better security(and more)

in #blockchain4 years ago

Blockchain image 1.jpg
🔗 This technology is more secure than other record keeping systems because each new transaction is encrypted and linked to the previous transaction.

🗝 Blockchain, as the name suggests, is formed by a network of computers coming together to confirm a ‘block’, this block is then added to a ledger, which forms a ‘chain’. Blockchain is formed by a complicated string of mathematical numbers and is impossible to be altered once formed.

⚙ This immutable and incorruptible nature of blockchain makes it safe from falsified information and hacks. It's decentralized nature also gives it a unique quality of being ‘trustless’ – meaning that parties do not need trust to transact safely.