How do blockchain technologies authenticate and secure transactions? 🔊
Blockchain technologies authenticate and secure transactions through a decentralized and distributed ledger system. Each transaction is recorded in a block linked to a previous one, creating an immutable chain. This transparency and cryptography ensure data integrity, making it nearly impossible to alter information retroactively. Moreover, consensus mechanisms like proof of work or proof of stake reinforce trust among users without requiring intermediaries, making blockchain particularly valuable for financial and supply chain sectors.
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