Insights & Views / Digital Currency

Add as a preferred source on Google

FxWirePro: Blockchain glossary for beginners - Blockchain attributes

Three Main attributes are Scalability- This refers to the ability of blockchains to process the transaction and the time taken to reach a consensus. Solana is the best scalable blockchain and it can handle 50000 transact…

1 min read
FxWirePro: Blockchain glossary for beginners - Blockchain attributes
Image from the original EconoTimes article

Read the original article

Three Main attributes are

  • Scalability- This refers to the ability of blockchains to process the transaction and the time taken to reach a consensus. Solana is the best scalable blockchain and it can handle 50000 transactions per second.

 

  • Security- Blockchain should be secured and free from hacks such as 51% attacks. It occurs when harmful users control more than 50% and have qualities of mining faster compared to others. It depends on cryptography to achieve data security.

 

  • Decentralization- The Blockchain is not governed or controlled by any individual or third party. It is distributed ledger which provides a trustless environment.

 

 

Related articles

View all