Blockchain Durability and Robustness

Blockchain technology is like the internet in that it has a built-in sturdiness. By storing blocks details that are identical across its network, the blockchain cannot:

  • Be manipulated by any single entity.
  • Does not have single point of failure.

Bitcoin was invented in 2008. Since that time, the Bitcoin blockchain has operated without important interruption. (To date, any of problems associated with Bitcoin have been due to hacking or mismanagement. Inside other words, these problems are derived from bad intention and human error, not imperfections in the underlying principles.)

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Is Blockchain The New Internet

What exactly is Blockchain Technology?

‘The blockchain is an incorruptible electronic ledger of economical purchases that may be programmed to record not simply financial transactions but nearly everything of benefit.’
Don plus Alex Tapscott, authors Blockchain Revolution (2016)

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