Unleash the Power of Blockchain - Effortlessly
Blockchain is a distributed and decentralised technology that permits safe and transparent interactions and transactions between multiples parties. We have expertise leveraging blockchain tools and technology to create web apps that can take use of these advantages. Get in touch with us today to learn more about how we can use blockchain to build the web applications you need.
Key Features of Blockchain
Decentralization
Unlike traditional databases, which are typically managed by a central authority, a blockchain is maintained by a network of computers (often referred to as nodes). Each node has a copy of the entire blockchain, and no single entity controls the entire network.
Transparency
All transactions on a blockchain are visible to all participants. This transparency helps to build trust among users, as they can independently verify the data on the blockchain.
Security
Blockchain technology uses cryptographic techniques to secure data. Once a transaction is recorded in a block and added to the blockchain, it is very difficult to alter because each block is linked to the previous one. This makes blockchain highly resistant to fraud and tampering.
Immutability
Once data is added to the blockchain, it cannot be changed or deleted. This creates a permanent and unchangeable record of all transactions, which is crucial for applications where data integrity is essential.
5. Consensus Mechanisms
Blockchain networks use consensus mechanisms, such as Proof of Work (PoW) or Proof of Stake (PoS), to agree on the validity of transactions. This ensures that all nodes in the network reach an agreement on the state of the blockchain.