A blockchain could be a growing list of records, known as blocks, that are linked using cryptography. By design, blockchains are immutable and proof against the modification of the data. Blockchain is additionally associate enabler for communities, the suburbanized net, token economies, and peer-to-peer Connection with data on the global scale. Blockchain technology is fully based upon multiple existing technologies.
The success of a blockchain system is compact by an huge number of success factors. Layer one DLT protocols like Bitcoin and Ethereum have achieved a lot but however not all inherent limitations may be resolved by one blockchain protocol. for instance, it’s very troublesome to boost output while not compromising security. Secure, economical layer one blockchain protocols should either solve vital problems on the protocol level or change solutions on another layer.Currently, we are witnessing a fastest evolving WEB3.0 tech stack of compatible protocols and its Components.
BlockChain Security
Millions of datasets are exchanged through blockchain technology – typically in a transparent public ledger. the value of blockchain is predicated on unchangeability of records and implied trust within the truth of records.
Cryptography, consensus, governance, and lots of alternative factors have a control on core blockchain security. Privacy of users, legal and operational impact should even be thought-about to make property, ascendible and compliant applications.

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Article by

Nishanth Sebastin J ,
Computer Science Engineering, SNS College of Technology

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