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Blockchain's security comes from several core principles and mechanisms:

  1. Decentralization– Unlike traditional systems, blockchain operates on a distributed network of nodes, making it resistant to single points of failure and attacks.

  2. Cryptographic Hashing – Data is secured using cryptographic hash functions (e.g., SHA-256), ensuring immutability and data integrity. Each block contains a unique hash based on its content and the previous block’s hash, forming a secure chain.

  3. Consensus Mechanisms – Algorithms like Proof of Work (PoW), Proof of Stake (PoS), and others ensure that only valid transactions are added to the blockchain, preventing fraud and double-spending.

  4. Immutability – Once data is recorded on the blockchain, altering it is nearly impossible because it would require changing all subsequent blocks across multiple nodes, which is computationally infeasible.

  5. Smart Contract Security – Self-executing contracts operate on predefined rules, reducing the risk of manipulation while ensuring transparency and automation.

  6. Permissioned vs. Permissionless Access – Private (permissioned) blockchains restrict access to verified participants, while public blockchains rely on decentralization and consensus for security.

  7. Encryption & Digital Signatures – Transactions are authenticated using public-private key cryptography, ensuring only authorized parties can sign and verify transactions.

Together, these mechanisms create a highly secure and tamper-resistant system, making blockchain an ideal solution for applications requiring trust, transparency, and security.

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Aisha Sharma

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5mo ago

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