In recent years, blockchain has attracted more and more attention. But blockchain is not magic, it also has advantages and disadvantages. The emergence of blockchain technology has brought certain advantages to many industries and provided higher security for environments lacking trust. However, the decentralized nature of the blockchain sometimes brings some drawbacks. Blockchain is so favored, on the one hand, it benefits from its own technical advantages. But precisely because of these technologies, the blockchain has also been questioned a lot. While technology brings convenience, it also raises many questions.
Pros
1. Distributed decentralization
Every node and miner in the blockchain must follow the same bookkeeping transaction rule, and this rule is based on a cryptographic algorithm instead of credit, and each transaction requires the approval of other users in the network, so no third-party intermediary structure is required. Or trust the endorsement of the institution.
In a traditional centralized network, an effective attack on a central node (for example, a payment intermediary third party) can destroy the entire system, while in a decentralized, such as blockchain network, a single node is attacked It is impossible to control or destroy the entire network, and mastering 50% of the nodes in…
