MultiversX Tracker is Live!

Isn't power of blockchain coming from decentralization instead of immutability of blocks?

Bitcoin Stack Exchange

Bitcoin News / Bitcoin Stack Exchange 120 Views

Okay So I've only started exploring working of blockchain. So what I've gained from guides on Google has me into thinking that what makes blockchain record resilient to corruption is distributed storage because altering blocks on one or two nodes isn't going to make any changes in collective decision of other nodes on some transaction. Like, other nodes would just reject decision of such nodes because majority of the same don't agree with it. Also, it's almost impossible for anyone to get to change records on majority of nodes because alteration of block can only happen when exploiter has direct access to records on node, otherwise blocks are not even meant to be altered so no other mechanism to change blocks' data than accessing all of them.

Does it mean that immutability of blocks that comes by virtue of linked hashing is of no use in providing secure transactions? On every other blockchain guide, it's been stated that blocks' data can't be modified because hash of that block would change and all subsequent blocks would require changes which is not possible. But what confirms consistency between hash of blocks is by mutual agreement by other nodes. Otherwise if someone changes data on block on some node, what prevents it even if chain of subsequent hashes is not making sense


Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments