Hey guys. I am going to present the homework of Week 6 which is given by Professor @gbenga This homework is about

All About blockchain Security

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Introduction

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Blockchain Security is a decentralized system that does not require central delivery to operate.Blockchain can be understood from our earlier lectures on how relevant security is in it.It is better transparency that gives some new opportunities to businesses through increased security and can provide many benefits

The benefit of Applying blockchain within any industry

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Even today many people in many areas are unaware of the benefits of blockchain technology and work is going on to add blockchain technology in those areas. Due to the reliability and decentralization of blockchain technology, many industries are tempted to integrate with blockchain.
If you are already using blockchain in business or want to use blockchain in future then it will be very important for you to understand the upcoming changes.
Many of the block chain space users use to help open up the value of assets of various companies and industries and for investment purposes, to show the value of the assets of the industry to an investor Motivates whether it is very profitable to invest.
Blockchain is much safer than many types of databases, blocks have private signatures to secure the data store, using encryption and decryption plus hash algorithms to make it even more secure. Other forms of databases do not use these security measures.

The impact of cryptocurrency on the industry

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Public keys are used with cryptocurrencies so cryptocurrency is used to encrypt all information so that encryption of data is possible for security purposes in the industry.
When using blockchain technology, we should remember that those who offer high level of security benefits, an industry can benefit by going on a large scale. Once the data is saved on the blockchain burner, it cannot be changed.
Extending the reach of cryptocurrency's services can provide a lot by eliminating the lack of trust. There is no need for regulations of banks and governments. This brings a lot of power in the hands of the common man! They can transact worldwide in seconds at no charge.

Conclusion

I have actually learned a lot from lectures, but I was not able to do a lot of research. But I am so sure that I said something meaningful.
Thank you for the text of Professor @gbenga

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