šTLDR: Top 5 Characteristics of Blockchain š
1. Decentralization: No single entity controls it! Multiple computers power the network, making it stronger and more secure.
2. Immutability: Once added, data canāt be changed or erasedākeeping everything trustworthy and secure. š
3. Transparency: Everyone can see transactions! This makes it an open and fair system for all.
4. Security: With advanced encryption, blockchain keeps your data safe from tampering and hacks.
5. Smart Contracts: Digital agreements that execute automatically, making processes faster and reducing mistakes. š”