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.)