Blockchain technology is a distributed ledger technology used to securely store transaction records, specifically: decentralization: distributed storage, enhanced security. Immutable: Once a transaction record is added, it cannot be easily changed. Transparency: The ledger is open to all participants, promoting accountability. Security: Distributed storage and encryption ensure data security. Efficiency: Automated processing and smart contracts increase efficiency.
What is blockchain technology?
Blockchain is a distributed ledger technology used to record transactions and securely store them in a digital ledger called a "blockchain". The ledger is decentralized, that is, stored across a computer network of multiple participants or nodes, rather than in one central location like a traditional ledger.
Advantages of Blockchain Technology
Blockchain Technology Features
The above is the detailed content of What is blockchain technology? An article analyzing the advantages and characteristics of blockchain technology. For more information, please follow other related articles on the PHP Chinese website!