Blockchain technology is revolutionizing the way we think about data security and transaction processes. It's a decentralized ledger system that ensures transparency, security, and immutability.
- Key Features of Blockchain:
- Decentralization: Unlike traditional banking systems, blockchain operates without a central authority.
- Transparency: All transactions are recorded on a public ledger, which can be viewed by anyone.
- Security: The use of cryptographic techniques ensures that transactions are secure and tamper-proof.
- Immutability: Once a transaction is added to the blockchain, it cannot be altered or deleted.
Blockchain Diagram
To learn more about blockchain technology, you might find our Introduction to Blockchain guide helpful.