Blockchain Features

In this short article, i'm going to talk about the features of the blockchain.

Firstly i want you to know that Blockchains are robust and durable.

No specific part can control the blockchain. Blocks are identical and they are present across the network. there's no a single authority that owns the ecosystem. But there are many participants that have a copy of it.

Blockchains do not have a single point of failure making them durable.

secondly they are Transparent and incorruptible.

In a blockchain ecosystem, data is available for public and embedded in the network. Because the blockchain live in a state of consensus and it checks in itself after regular interval, it acts as a self auditing ecosystem of a digital value.

Also blockchain can not be corrupted. Altering any unit of information would require massive computing power to override the entire network.

Thirdly blockchain ecosystem is decentralized.

This is also the most important feature of a blockchain. with no central authority to control transactions, the forms of mass collaboration can be made possible over blockchain are many.

At the end blockchain comes with enhanced security .

users currently use user name and password to protect their identity and assets online.

Block chain uses the concept of keys which is basically encryption technology. A public key is a user's address on the blockchain. so anything that has been sent to the user over the blockchain resides here.

users are armed with a private key which gives them ownership and access to the bitcoins or any other assets