Blockchain technology is seeing increasingly wide use internationally, but security issues are becoming a major problem.
Blockchain is a public electronic ledger that can be openly shared among users and that creates an unchangeable record of their transactions. Each transaction, or “block”, is time-stamped and linked to the previous one. Each block is then linked to a specific participant. Blockchain can only be updated by consensus between users in the system, and when new data is entered, it can never be erased, edited, adjusted, or changed.
Continue Reading What the Cryptocurrency Hacks Mean for the Security of Blockchain