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Cracking the Code on Blockchain Security: A Plain-English Primer

  • Blockchain is a distributed digital ledger that ensures tamper-evident and irreversible transactions.
  • Blockchain is secure due to immutability via hashing and chaining blocks together to invalidate any tampering attempts.
  • Consensus mechanisms like Proof of Work ensure network security by requiring computational work for block authentication.
  • Blockchain security risks include smart contract vulnerabilities, phishing attacks, and the importance of user safety measures.

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