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How do we address the security concerns in blockchain technology?
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[QUOTE="uptrendfinancialsignal, post: 333581, member: 78381"] It is important to address the security concerns with the Bitcoin blockchain technology because the blockchain technology serve as a foundation of bitcoin security as we all know and it provides what is called the decentralized and immutable ledger that is used to record all the transactions. The distributed nature of blockchain is what ensures that no single point of failure exist in this particular blockchain and it prevent the risk of hacking or manipulation in the system. The cryptographic algorithms that was employed in the blockchain technology is used to ensure the integrity of the transaction that is done on it. This makes it extremely difficult for malicious actors to actually tamper with the data that is recorded on it [/QUOTE]
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How do we address the security concerns in blockchain technology?
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