🎸Distributed Records

Typically, a public book will provide all information about a transaction to the participant. It's all in the public eye with no possibility of hiding, although the case of private or federated blockchain is a little different. But still, in these cases, many people can see what actually happens in the registry.

This is because the network record is maintained by all other users on the system. This distributed computational power to ensure a better result. This is why registration is considered one of the essential features of blockchain. The Result will always be a more efficient accounting system that can take over traditional systems.

Why Is Blockchain One of the Important Features?

No Malicious Changes: A distributed record responds very well to any suspicious activity or tampering. Since no one can change the hash, everything is updated very fast, and tracking what is happening in the system is quite easy with all these nodes.

Verification Property: Here , nodes act as data chain verifers. If one user wants to add a new block, others must check the transaction and then provide the green light. This gives the user a fair share.

No extra Favors: No one in the network can receive special favors. Everyone has to go through the usual channels and then add their blocks. It'snot c omo if you had more power, then you'll have more privileges.

Management: For blockchain features to work, all active nodes must maintain registration and participate in validation.

Quick Response: As I said earlier the removal of intermediaries speeds up the system response. Any change to the registry will be updated in minutes or even seconds!