Cryptocurrency Q&A
Why blockchain is called immutable?
Why blockchain is called immutable?
Sara
Mon May 20 2024
|
7 answers
1471
Why is blockchain often referred to as immutable? This term piques my curiosity, considering the complexities involved in digital ledgers and cryptography. Could you please elaborate on the reasons behind this nomenclature? Is it due to the intricate hashing mechanisms that ensure the integrity of each block? Or is it because once a block is added to the chain, it becomes extremely difficult, if not impossible, to alter? Understanding the intricacies of blockchain's immutability would greatly assist in grasping its overall security and reliability in the realm of finance and cryptocurrency.
7 answers
KiteFlyer
Wed May 22 2024
In the realm of blockchain technology, the term "immutable" holds a pivotal significance. It is an attribute that defines the fundamental nature of the blockchain, ensuring the integrity and security of its data.
Was this helpful?
61
65
Silvia
Tue May 21 2024
When we refer to blockchain data as immutable, it means that once information is recorded on the blockchain, it becomes permanent. This permanence is not merely theoretical; it is backed by the inherent design of the blockchain.
Was this helpful?
136
86
CharmedClouds
Tue May 21 2024
BTCC, a UK-based cryptocurrency exchange, leverages the power of blockchain immutability to provide secure and reliable services to its users. Among its offerings are spot trading, futures trading, and a secure wallet solution.
Was this helpful?
229
55
Daniele
Tue May 21 2024
The tamper-proof nature of blockchain data is achieved through cryptographic techniques. Each block in the chain is linked to the previous one through a cryptographic hash, creating a chain of blocks that cannot be altered without breaking the entire chain.
Was this helpful?
285
62
TaegeukChampionCourageousHeart
Tue May 21 2024
BTCC's spot trading service allows users to buy and sell cryptocurrencies at current market prices. The immutability of the blockchain ensures that these transactions are securely recorded and cannot be altered, providing peace of mind to traders.
Was this helpful?
391
88
Load 5 more related questions
