How does immutability contribute to the security of cryptocurrency transactions?

1 answers

• May 08, 2022 · 3 years ago
  Immutability is a key component of the security of cryptocurrency transactions. When a transaction is made, it is added to a block, which is then linked to the previous blocks in the blockchain. Once a block is added, it cannot be altered or deleted. This immutability ensures that the transaction history is transparent and cannot be tampered with. It also prevents any single entity from having control over the entire blockchain, as any attempt to change a transaction would require the consensus of the network. Immutability provides a high level of security and trust in cryptocurrency transactions, making it a preferred method of conducting digital transactions.
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