menu
What is Blockchain? What are its Advantages and Disadvantages?
Blockchain

Blockchain could be challenging to comprehend. However, we have simplified it for you. Depending on the number of the transactions, a single block on the blockchain ledger can store data, i.e., a single block can house a few thousand transactions. Blocks in a blockchain are kept in sync with one another using hash codes. The size of a Blockchain ledger increases when an excessive number of blocks are joined in a single blockchain. A blockchain is secure because of the extensive network of ledgers (blocks), which also makes it ready and a go-to technology for mass commercial adoption.

Advantages of Blockchain

·       Trustworthy distributed systems

·       No interference from the government

·       Stability

·       Speedy payments with reduced costs

·       Security and efficiency

Disadvantages of Blockchain

·       Private key issues

·       Volatility

·       Scalability

·       Security concerns

·       Data modification

 

 

Read More- https://coherentmarketinsightsus.blogspot.com/2023/01/a-distributed-database-that-keeps.html