How does blockchain technology ensure data integrity and transparency? 🔊
Blockchain technology ensures data integrity and transparency through its decentralized and immutable structure. Each block in a blockchain contains a list of transactions, a timestamp, and a cryptographic hash of the previous block. This chaining of blocks makes it virtually impossible to alter any information without consensus from the rest of the network participants. The use of consensus algorithms further ensures that all parties agree on the data being added, providing a tamper-proof record and enhancing trust in digital transactions.
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