List of Top Blockchain Features
Read moreWhat is unique about blockchain?
It is an immutable public digital ledger , which means when a transaction is recorded, it cannot be modified. Due to the encryption feature, Blockchain is always secure. The transactions are done instantly and transparently, as the ledger is updated automatically.
Read moreIs blockchain more secure than traditional database?
Blockchain technology uses decentralized data storage to sidestep this issue, thereby building security into its very structure. Though blockchain technology is well-suited to record certain kinds of information, traditional databases are better suited for other kinds of information .
Read moreIs blockchain the best database?
Because a traditional database is centralized, it can be hacked and tampered with. Blockchain, on the other hand, is very difficult, if not virtually impossible, to compromise. So if you have sensitive data to store and require a database with high fault tolerance, blockchain is your best bet .
Read moreWhy should we use blockchain?
Blockchain helps in the verification and traceability of multistep transactions needing verification and traceability . It can provide secure transactions, reduce compliance costs, and speed up data transfer processing. Blockchain technology can help contract management and audit the origin of a product.
Read moreIs blockchain just a distributed database?
Blockchain is designed to work in a decentralized manner, whereas the databases are always centralized . This unique feature of blockchain gives it the leverage it needs to become the next generation of technology.
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