Enterprises should consider data privacy and security when considering whether to use a public or private blockchain for storage.
Blockchain
With the increase in data breaches, the need for secure data storage has never been more urgent. Blockchain technology offers a solution to this problem, providing unparalleled data security and privacy.
The core of the sharing economy is sharing-based transactions, and blockchain is the decentralized way to achieve the security and transparency of transactions.
Blockchain technology has a broad application prospect as it can solve the problems of traceability, managing identity and ownership disputes in the supply chain.
The decentralized, consensus-driven and lack-of-trust nature of blockchains makes them inherently resilient to attacks.
Standard explanation: "Blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies."
Simple understanding: "Blockchain is essentially a decentralized distributed database."
Speaking of consensus mechanism, in fact, he is a mode of verification and confirmation of the transaction, he is mainly through the vote of the special nodes to complete the confirmation, in general, if for a transaction, a number of interests of unrelated nodes can reach a consensus, then we will be defaulted to the whole network can also reach a consensus.
The value of NFT is the value of the contract + the value of the distributed ledger.
Do you find Ether fees expensive and slow? Maybe Layer 2 will be an important solution to the current problems of Ether in addition to other blockchains and ETH 2.0.
Today is a dynamic time for those who make and love music. The digital revolution has civilianized the means of creating music: anyone can record a sound that can be shared with anyone around the world.