What are the immutabilities of blockchain technology?

3 answers

• coding.penguinApr 13, 2022 · 3 years ago
  Blockchain technology provides immutability by creating a decentralized and distributed ledger that records transactions in a tamper-proof manner. This means that once a transaction is recorded on the blockchain, it cannot be altered or deleted. This feature ensures the integrity and transparency of digital currencies, as all transactions can be verified and traced back to their origin. Immutability is a key aspect of blockchain technology that enhances trust and security in the digital currency ecosystem.
  511

  256
• Ron PiperSep 20, 2020 · 5 years ago
  The immutability of blockchain technology is like a digital fingerprint that cannot be changed. It guarantees that once a transaction is added to the blockchain, it becomes permanent and cannot be reversed. This is achieved through the use of cryptographic algorithms and consensus mechanisms that ensure the validity and integrity of the data stored on the blockchain. Immutability is crucial for digital currencies as it prevents fraud, double-spending, and unauthorized modifications to the transaction history.
  514

  172
• Bryan WarnerAug 03, 2022 · 3 years ago
  Immutability is one of the fundamental characteristics of blockchain technology. It means that once a transaction is recorded on the blockchain, it is practically impossible to alter or delete it. This is achieved through the use of cryptographic hashes and the consensus of network participants. Immutability ensures the integrity and reliability of digital currencies by providing a transparent and auditable transaction history. It also eliminates the need for intermediaries and central authorities, making blockchain-based digital currencies more secure and efficient.
  573

  144