Can the information on a public ledger be manipulated or altered in any way?

3 answers

• Christopher MacatangayMay 19, 2021 · 4 years ago
  Absolutely not! The whole point of a public ledger, like the blockchain used in cryptocurrencies, is to ensure transparency and immutability. Once a transaction is recorded on the ledger, it becomes practically impossible to alter or manipulate the information. The decentralized nature of the ledger, combined with cryptographic algorithms, ensures the integrity and security of the data. So, you can trust that the information stored on a public ledger is reliable and tamper-proof.
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• Gerry PalomarSep 25, 2022 · 3 years ago
  Well, theoretically speaking, it is possible to alter the information on a public ledger, but it's highly impractical and nearly impossible to do so. The decentralized nature of the ledger, along with the consensus mechanism used in cryptocurrencies, makes it extremely difficult for any individual or entity to manipulate the data. Additionally, the cryptographic algorithms used in blockchain technology provide an extra layer of security, making it highly unlikely for any unauthorized changes to be made. So, while it's technically possible, the chances of the information on a public ledger being manipulated are incredibly slim.
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• Anna KvernplassenJul 13, 2023 · 2 years ago
  From a third-party perspective, it's important to note that the information on a public ledger, such as the blockchain, is designed to be secure and resistant to manipulation. The decentralized nature of the ledger ensures that no single entity has control over the data, making it difficult for anyone to alter the information without the consensus of the network. This level of security is one of the reasons why cryptocurrencies have gained trust and popularity among users. So, rest assured that the information on a public ledger is highly secure and resistant to manipulation.
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