By - Bizz Gossips
Image Source - Social Media
By - Bizz Gossips
Image Source - Social Media
Blockchain uses advanced cryptographic techniques to secure data and transactions. Once data is added to a blockchain, it is nearly impossible to alter or delete, making it highly resistant to fraud and unauthorized access.
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Blockchains are typically public and distributed ledgers, allowing all participants in the network to view and verify transactions. This transparency can reduce the risk of corruption, fraud, and errors.
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Unlike traditional centralized systems, blockchain operates on a decentralized network of nodes. This decentralization can reduce the risk of a single point of failure and increase the network's overall reliability.
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Smart contracts are self-executing contracts with the terms of the agreement written directly into code. They automatically execute when predefined conditions are met, reducing the need for manual intervention and minimizing disputes.
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