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Why blockchain technology is secure (why blockchain appears)

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Why blockchain technology is secure (why blockchain appears)

Why is blockchain technology secure? Why is blockchain technology secure? Let’s talk about blockchain today Blockchain is a distributed ledger that enables the transmission, storage, and exchange of information through a consensus mechanism and multiple nodes. Its working principle is to record data in a database and encrypt it in the form of hash values to generate blocks, achieving a high degree of decentralization. If there is one asset called ‘currency’, then the other asset is’ securities’, this statement has also been well applied in the Bitcoin field. But this is not just a problem with digital currency, as it is a system built on a specific computer network – such as Bitcoin or other similar tokens, but these digital currencies are controlled by different individuals So the security issue of blockchain technology itself lies in its reliability? The following is its related content:

1. What is the security of blockchain like What is a private key/public key

3. How does the blockchain ensure Tamper resistance and verifiability in Cryptography

4. How to prevent attackers from performing a denial of service on transactions (CVS 2019 6199)

5. Why is blockchain technology secure?

1. Private key: That is, anyone can use their own private key to sign or authorize transactions without the need for a third party to participate in confirming the transaction The method of “I can change my identity at will” is very common Blockchain technology has many advantages: 1. confidentiality and unforgeability, 2. no code vulnerabilities, and 3. anonymity For ordinary users, they may not fully understand the content and characteristics provided by blockchain. 2. There is no absolute correlation between the relationship between smart contracts and blockchain, for example, only information on one chain can lead to a “double flower”; 4. 5. Proof of ownership exists offline, making it difficult to ensure that everyone has their own address in their account

The reasons for the emergence of blockchain

are as follows:

1. Technically, blockchain is a decentralized Distributed database system. This structure can make the storage, processing, and transmission of data more secure, reliable, and convenient 2. Due to the various applications currently in the market that require blockchain transformation to achieve 3. By analyzing real-world assets and verifying transactions to determine whether there has been tampering, offline information cannot be confirmed and traced back to real data With the development of the Internet of Things and the advancement of artificial intelligence, blockchain has also become a new trend.

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