Security in the blockchain from "summary" of The Basics of Bitcoins and Blockchains by Antony Lewis
Security in the blockchain is a critical aspect that ensures the integrity and reliability of the system. It is achieved through a combination of cryptographic techniques and consensus mechanisms that work together to secure the network and prevent fraudulent activities. One of the key elements of security in the blockchain is cryptography. Cryptography is used to secure transactions and data on the blockchain by converting them into complex mathematical algorithms that are difficult to decipher. This ensures that only authorized parties can access and modify the information stored on the blockchain. Another important aspect of blockchain security is the consensus mechanism. Cons...
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