Blockchain technology has several advantages over traditional databases. One of the most significant advantages is immutability. This means that once data is recorded on the blockchain, it cannot be erased or replaced Âč. This feature makes blockchain technology ideal for applications that require secure and tamper-proof data storage.
Another advantage of blockchain technology is transparency. Since blockchain is decentralized, any network member can verify the data recorded on the blockchain . This makes it easier to trust the data on the blockchain.
Blockchain technology is also free from censorship since it does not have control of any single party. Therefore, no single authority (including governments) can interrupt the operation of the network.
Finally, blockchain technology creates an irreversible audit trail, allowing easy tracing of changes on the network.
I hope this will help you a long way to understand blockchains more.
