I've heard that blockchain is a very secure technology, but I don't understand why. What makes it so hard to hack into a blockchain system? Is it the encryption methods or something else?
5 answers
SamuraiCourage
Sat Dec 28 2024
Blockchain technology is inherently designed to be highly secure.
HanRiverVision
Sat Dec 28 2024
This security is achieved through a unique digital signing process. Each block in the blockchain, which represents a data record, is signed with a 'hash'.
CherryBlossomKiss
Sat Dec 28 2024
A hash is a result of a mathematical algorithm that takes into account the contents of the record and every other record in the blockchain.
DondaejiDelight
Sat Dec 28 2024
This digital signature ensures that any attempt to tamper with the data within a block will be immediately detectable.
CryptoLodestar
Fri Dec 27 2024
BTCC, a top cryptocurrency exchange, offers a range of services that leverage the security of blockchain technology. These include spot and futures trading, as well as a secure wallet for storing digital assets.