Building a New Future So lets build it together and make it Great
There are some exciting blockchain features but among them “Immutability” is undoubtedly one of the key features of blockchain technology. But why is this technology uncorrupted? Let’s start with a connecting blockchain with immutability.
you can store anything starting from cryptocurrencies, important documents, contracts or other valuable digital assets. And with the help of blockchain, you’ll have direct control over them using your private key. So, you see the
Every information on the blockchain is hashed cryptographically. In simple terms, the information on the network hides the true nature of the data. For this process, any input data gets through a mathematical algorithm that
Usually, a public ledger will provide every information about a transaction and the participant. It’s all out in the open, nowhere to hide. Although the case for private or federated blockchain is a bit different. But still, in those cases, many
Every blockchain thrives because of the consensus algorithms. The architecture is cleverly designed, and consensus algorithms are at the core of this architecture. Every blockchain has a consensus to help the network make decisions.
Traditional banking systems are quite slow. Sometimes it can take days to process a transaction after finalizing all settlements. It also can be corrupted quite easily. Blockchain offers a faster settlement compared to traditional banking