Benefits of Cryptophilanthropy

The three defining characteristics of blockchain technology that contribute to its immutability are decentralization, cryptography, and consensus. In a blockchain network, each time there is a transaction involving digital assets, its specifics are recorded to a block that consists of data, hash, and hash of the previous block. Depending on the blockchain type, different types of data are present in a block. The data for a bitcoin transaction would be the transaction’s specifics, like the sender, receiver, and coin count. A hash is a distinctive piece of encrypted data that is used to identify a block and its contents. To generate a new hash for the following block in the chain, this hash is processed along with the new transactions. Each block links to the one before it via its hash, so even the smallest change to any aspect of the data would cause all the hashes to change, rendering all the blocks after it invalid and false. <a href="https://bobainusociety.medium.com/benefits-of-cryptophilanthropy-8e82d55b3ced">Read More</a>