How does blockchain ensure its security with the help of two other features?
MOHAMMAD mubeenDec 26, 2021 · 3 years ago5 answers
Can you explain how blockchain ensures its security by leveraging two other features?
5 answers
- Dec 26, 2021 · 3 years agoBlockchain ensures its security through the use of two key features: decentralization and cryptographic hashing. Decentralization means that the blockchain is not controlled by any single entity, making it difficult for hackers to manipulate the data. Cryptographic hashing, on the other hand, ensures the integrity of the data by converting it into a fixed-length string of characters. This hashing process makes it practically impossible for anyone to alter the data without being detected. Together, these two features provide a strong foundation for the security of blockchain.
- Dec 26, 2021 · 3 years agoWhen it comes to security, blockchain has two powerful allies: decentralization and cryptographic hashing. Decentralization means that the blockchain is distributed across a network of computers, making it highly resistant to attacks. Even if one or several computers are compromised, the rest of the network remains secure. Cryptographic hashing, on the other hand, ensures that the data stored on the blockchain is tamper-proof. Each block in the chain is linked to the previous block through a unique hash, creating a chain of trust. This makes it virtually impossible for anyone to alter the data without changing the entire chain, which would require an enormous amount of computational power. So, with the help of decentralization and cryptographic hashing, blockchain ensures its security.
- Dec 26, 2021 · 3 years agoBlockchain's security is reinforced by two important features: decentralization and cryptographic hashing. Decentralization means that the blockchain is not controlled by a single entity, but rather by a network of computers. This makes it extremely difficult for hackers to compromise the system, as they would need to gain control over a majority of the network. Cryptographic hashing, on the other hand, ensures the integrity of the data stored on the blockchain. Each block is assigned a unique hash, which is generated based on the data contained in the block. Any change in the data would result in a different hash, alerting the network to a potential tampering attempt. By combining decentralization and cryptographic hashing, blockchain creates a secure and transparent system for storing and verifying transactions.
- Dec 26, 2021 · 3 years agoBlockchain's security is enhanced by two key features: decentralization and cryptographic hashing. Decentralization means that the blockchain is not controlled by any single entity, but rather by a network of computers known as nodes. This distributed nature of the blockchain makes it highly resistant to attacks, as there is no central point of failure. Cryptographic hashing, on the other hand, ensures the integrity of the data stored on the blockchain. Each block in the chain is linked to the previous block through a unique hash, creating an immutable record of transactions. This makes it virtually impossible for anyone to alter the data without being detected. So, by leveraging decentralization and cryptographic hashing, blockchain ensures its security.
- Dec 26, 2021 · 3 years agoBlockchain ensures its security through the use of two other features: decentralization and cryptographic hashing. Decentralization means that the blockchain is not controlled by any single entity, but rather by a network of computers spread across the globe. This makes it extremely difficult for hackers to manipulate the data stored on the blockchain, as they would need to gain control over a majority of the network. Cryptographic hashing, on the other hand, ensures the integrity of the data by converting it into a unique hash. This hash is generated based on the content of the block, and any change in the data would result in a different hash. This makes it virtually impossible for anyone to alter the data without being detected. So, with the help of decentralization and cryptographic hashing, blockchain ensures its security.
Related Tags
Hot Questions
- 76
What are the best practices for reporting cryptocurrency on my taxes?
- 65
What are the tax implications of using cryptocurrency?
- 44
What are the best digital currencies to invest in right now?
- 32
Are there any special tax rules for crypto investors?
- 28
What is the future of blockchain technology?
- 17
How does cryptocurrency affect my tax return?
- 16
How can I buy Bitcoin with a credit card?
- 16
How can I protect my digital assets from hackers?