Why blockchain is trustworthy?

Category: BlockchainWhy blockchain is trustworthy?
Editor">Editor Staff asked 2 years ago

Why blockchain is trustworthy?

1 Answers
Editor">Editor Staff answered 2 years ago

Blockchain is a peer-to-peer network that has its consensus algorithm. The main reason behind its trustworthiness is how it stores and deal with data. It uses cryptographic algorithms to ensure that the data is protected against any third party malicious actor. This means only the entity that owns the data will be able to access it. Also, the data stores in the blockchain can be traced anytime which brings in transparency. One more thing that makes blockchain trustworthy is the data integrity feature. With this feature, data cannot be changed after it is written.