The peer-to-peer network is completely decentralized

[muniyaakter]

Blockchain is a technology defined as a peer-to-peer ledger system , that is, an open and distributed digital register, capable of storing records of data (usually called “transactions”) in a secure, verifiable and permanent way.

In this way the “peers”, that is the nodes of the network, can carry out transactions within the network itself without any centralized authority, therefore without intermediaries.
. To make it decentralized, each peer, or each node in the network, carries a copy of the ledger, or the general ledger in which every transaction is recorded.

Each node that validates transactions through the albania business email list blocks of the ledger, the distributed ledger, can have a complete copy of the entire list of blocks where the transactions are recorded or a minimal copy necessary to remain connected and functional to the network.

To ensure consensus between transactions, consensus methods such as Proof-of-Work , Proof-of-Stake or others are used. In addition, each transaction is fully protected with the help of advanced cryptographic algorithms.

Clearly, the entire blockchain mechanism is used to take advantage of decentralization , traceability , immutability and transparency . The idea is the complete opposite of centralization.

This simple idea is single-handedly changing the way entire industries work.

Revolution, but how?