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What is Blockchain ?
Why it is going to be the future of everything we do?
Why Is This Technology Winning Global Confidence?
Database in the blockchain is distributed within the network nodes and is not centralized. Information of records and transactions is irreversible. Decentralization of blockchain technology can assist us with validated and authenticated connections, uncorrupted and unmutated data with permanent records.
The foundation of blockchain is its transparency. Any processed data or transaction into the network is given validation if it passed the consensus check within the server. Any suspicious activity is quickly terminated. Approved data is encrypted with the highest metric of encryption protocols to ensure security.
To steal or alter the data stored in the distributed ledger, control over at least 51% of the network is needed. This requires huge investment and force. Additionally, any activity requires permission from the existing participants. Thus, breaching the security of Blockchain technology is unattainable.