Why is blockchain used for data storage? (Why is blockchain valuable?)
Why is blockchain used for data storage? There are two ways to store data using
Why is blockchain used for data storage? There are two ways to store data using blockchain: The first is that it does not use distributed ledgers and encryption algorithms like other technologies on the internet.
The second is through a consensus mechanism for bookkeeping and proof. This process can verify the consistency of the hash value of each transaction using mathematical methods. Without such checkpoints or guarantees of irreversibility, it is difficult to confirm any information. This method can avoid tampering with incorrect data, which is very difficult and expensive to achieve on the blockchain. Why adopt this innovative technology? In order to allow users to easily view their own content, I have designed a new storage solution that uses smart contracts to identify some suspicious content on Ethereum and back it up. This prevents them from being mistaken for malicious behavior. That’s why we use blockchain (BlockChain) to store our records. (Blue Fox Note: We often say that the data stored on the blockchain is a decentralized system, not a centralized database. Therefore, when creating a separate application under the chain, we need to rely on different servers or platforms to maintain the application.)
When you put your personal profile on the blockchain, you need to connect the wallet, log in, and then open its network. Do not download any software or install this tool before choosing to access the service. If you want to participate, you should register an account. Once the password security is protected, you do not need to log in again on hardware devices such as computers/mobile phones. But when you click on a link, you can directly enter the digital currency address from the browser because it is private. When your emails are sent out, you may lose your mnemonic words. So even if you have set up mnemonic words, do not delete their messages so that they cannot be recovered. Then, as long as they know the sensitive code in the computer you are using, it is safe. So please note that this is a simple matter, but not everyone is clear about it- only authorized people can unlock these mnemonics, and it will not affect the user’s fund management.
Why is blockchain valuable?
In the wave of the digital economy, blockchain technology can solve some challenges faced by data onchain.
There are three values of blockchain: 1. It can provide better services for people; 2. It can be used in various application scenarios and business models. These businesses are realized through blockchain technology, such as finance, trade, and government regulation. Based on these three aspects, blockchain has the advantage of immutability (i.e., distributed accounting); 3. The application of this technology will greatly enhance the development process of social productivity. (Blue Fox Note)
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