Why blockchain cannot be tampered with (the immutability of blockchain can help identify the source of product fraud)

08/05/2023 02:33 • Daily Digest • 80 views

Why can’t blockchain be tampered with? Why can’t blockchain be tampered with

In the computer field, there is a concept called “code readability”, which was invented by Cryptography experts. But before that, some people believed that this was an extremely strange and dangerous technology – that is, immutability So, what are the database technologies that cannot be tampered with today? Its existence is to prevent people from misunderstanding, damaging, or maliciously modifying data about the database. But if there is a method that allows the system to automatically update ledger information or write these contents into blocks for calculation, then this algorithm is: when a new node runs, it must store files and perform operations on it according to rules; Another approach relies on another node to process data, and the node operator should also create new data packets based on their own situation and save them for the next round of network upgrade process, so as to ensure the integrity and security of the system To avoid similar situations, many security companies have started using blockchain to address trust issues. For example, the Corda protocol of R3 is a new distributed ledger solution developed based on open source public blockchain. However, due to the lack of sufficient networks to support large-scale adoption, it is difficult to determine which specific chains can be fully accessed and which blockchains can be arbitrarily extended to different platforms. Therefore, even if blockchains have decentralized characteristics, they can provide users with higher security guarantees Although most applications can achieve this goal through smart contracts, in many cases, for those who want to use blockchain, they are not harmed by worrying about having a private key. On the contrary, their identities and account systems are still easily manipulated. For example, the transaction records of decentralized Cryptocurrency such as Bitcoin will be attacked, stolen or even forged by hackers

In fact, “consensus” is a relatively simple term, which refers to the probability of an event. Usually, multiple entities Co-determination the result, rather than the result of each participant’s joint vote. By using consensus mechanisms, it is possible for anyone to control the hash value size of nodes. In addition, every transaction is transparent and error free, which is very important, otherwise they will continue to be synchronized for a period of time in the future This is why some blockchain software may be exploited because it is decentralized and only a few people know about it, while others may only be used as tools In fact, besides the most common methods, what other blockchain software allows users to change their business processes

The immutability of blockchain can help identify the source of product fraud

The immutability of blockchain can help us identify the source of product fraud and enable fraudsters to market without any third-party supervision.

For those who do evil to products, this is a disturbing way: they will use fictional information and exaggerated product details to conceal their disguise; They may even create misleading behavior by imitating others’ promises. These can all be revealed through blockchain technology. Software developers from technology giants such as Google and Facebook can use distributed ledgers to track their data to avoid poor credibility. Cointelgraph

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