Suhani Mane’s Post

✅ blockchain features: The key features of blockchain are decentralization, immutability, transparency, and enhanced security. It is a decentralized, distributed digital ledger that is cryptographically secured, making transactions transparent and permanent. Other important features include consensus mechanisms, smart contracts, and a distributed network of nodes. Key features of blockchain: ✅Decentralization: Instead of a central authority, a blockchain network is distributed across many computers (nodes), making it more resilient and less vulnerable to a single point of failure or control. ✅Immutability: Once a transaction is recorded in a block and added to the chain, it cannot be altered or deleted, ensuring data integrity and permanence. ✅Transparency: Transactions are recorded on a public or shared ledger that is accessible to all network participants, providing visibility and traceability for every transaction. ✅Enhanced Security: Cryptography, including hashing and digital signatures, secures the data within each block and links blocks together, making it extremely difficult to tamper with the data. ✅Consensus Mechanisms: These are the protocols that allow network participants to agree on the validity of new transactions before they are added to the chain, ensuring accuracy and consistency across the distributed ledger. ✅Smart Contracts: These are self-executing contracts with the terms of the agreement directly written into code. They automatically execute actions when predefined conditions are met, which can be stored and run on the blockchain. ✅Peer-to-Peer (P2P) Network: The network consists of interconnected nodes that communicate and validate transactions directly with each other, without the need for an intermediary. #ethereum #Bitcoin #p2p #blockchain #DES

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