How does blockchain technology enhance the security of digital transactions?
How does blockchain technology enhance the security of digital transactions?
Blockchain enhances security in digital transactions through its decentralized and tamper-resistant nature. Transactions are recorded in blocks, linked in a chain, and distributed across a network of nodes. This decentralization makes it difficult for a single entity to control or manipulate the data, reducing the risk of fraud or unauthorized alterations. Additionally, the use of cryptographic techniques ensures the integrity and authenticity of transactions, enhancing overall security in the digital space.