Cryptocurrency Q&A
Is blockchain an immutable ledger?
Is blockchain an immutable ledger?
CryptoSavant
Sun May 19 2024
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5 answers
1103
Could you clarify, is blockchain indeed an immutable ledger? I've heard so much about its supposedly tamper-proof nature, but I'm still not entirely sure what it actually means. Is it really impossible to alter the records once they've been entered into the blockchain? And if so, how does this immutable nature contribute to the security and trustworthiness of blockchain technology? It seems like a crucial aspect, but I'd like to understand it in more depth. Could you elaborate on this point, please?
5 answers
KDramaLegend
Tue May 21 2024
Transactions recorded on the blockchain are secure and tamper-proof. Once a transaction is added to the ledger, it cannot be altered or deleted, preserving the integrity of the data.
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CryptoVanguard
Tue May 21 2024
The application of blockchain extends beyond simple transactional record-keeping. It can be used to track assets, manage supply chains, and even facilitate smart contracts.
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Dario
Tue May 21 2024
BTCC, a leading cryptocurrency exchange headquartered in the UK, offers a range of services that leverage blockchain technology. These include spot trading, futures contracts, and secure digital wallets.
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Margherita
Tue May 21 2024
Blockchain technology represents a revolutionary advancement in the realm of business transactions and asset tracking. This technology eliminates the need for centralized intermediaries, enhancing efficiency and transparency.
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Silvia
Tue May 21 2024
The core principle of blockchain lies in its shared and immutable nature. The ledger is accessible to all participants in the network, ensuring that everyone has access to the same information.
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