Question

What is an advantage of using blockchain technology? None of the participants are notified when changes are made to data stored in previous blocks. All transactions are approved by a single and impartial third party or authority. The system creates a hash or digital fingerprint for each participant in the blockchain. The data and transactions recorded are decentralized and distributed among participants in the network. I don't know this yet.

Answer 1

Answer:

With its decentralized and trustless nature, Blockchain technology can lead to new opportunities and benefit businesses through greater transparency, enhanced security, and easier traceability. Blockchain's greatest characteristic stems from the fact that its transaction ledger for public addresses is open to viewing.