Q. How does blockchain maintain its security level?
chinnoye.okafar

How does blockchain maintain its security level?


blockchain bitcoin
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Jun, 2018

Blockchain
1 Answer
  • benjamin.jake

    Blockchain maintains a distributed system of storage. So there is no central storage. Hence, all we have are different nodes in different parts of the world across different networks
    which interact among themselves to maintain transactions. Therefore, such a distributed system cannot be tracked very easily by hackers.


       

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Blockchain

Blockchain is the backbone technology that powers cryptocurrencies. Simply put, it’s like email for money (and many other things) which anyone can access, no central authority controls, and is practically impossible to censor.
Blockchains are already beginning to transform everything in our financial system, from commerce to capital markets. It is still early days but blockchains will be as transformative as the printing press, the internal combustion engine, or even the internet itself. The exponential and disruptive growth of Blockchain will come from the convergence of public and private Blockchains to an ecosystem where firms, customers and suppliers can collaborate in a secure, auditable and virtual way.

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