📍Three Pillars of Blockchain: Security, Transparency, and Decentralization.
📖Blockchain is built on three main pillars: security, transparency, and decentralization. These three pillars work together to create a system that is secure, transparent, and not dependent on a single party or institution.
1.Security*: Blockchain uses cryptographic technology to protect data from attacks and unauthorized changes.
2.Transparency*: All transactions can be viewed by anyone, enhancing transparency and trust.
3.Decentralization*: Data is not stored in one place, but rather in many different locations, making it difficult to control by a single party.
These three pillars work together to create a system that is secure, transparent, and not dependent on a single party or institution. Thus, blockchain can be an effective solution to issues of corruption, fraud, and inequality, while also enhancing trust and the quality of life for society.
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