How does the concept of the longest chain contribute to the security and integrity of digital currencies?

1 answers

• HAILE FIDAAug 19, 2022 · 3 years ago
  The concept of the longest chain is a crucial aspect of blockchain technology, ensuring the security and integrity of digital currencies. In a decentralized network, multiple nodes compete to add new blocks to the chain by solving complex mathematical puzzles. The longest chain represents the most valid and accepted version of the transaction history. It is formed by the majority of the network's computational power, making it extremely difficult for an attacker to manipulate the chain. This consensus mechanism ensures that the transaction history is transparent, immutable, and resistant to censorship. Therefore, the concept of the longest chain is vital for maintaining the security and integrity of digital currencies.
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