The main features of the $BTC blockchain can be summarized into 5, which are:
DECENTRALIZATION. The system is based on collaboration and trust between network users, which, without intermediaries, allow transactions to be validated without the intervention of any government authority or other central mechanism.
PEER-TO-PEER. This network is distributed among a large number of users with the same level of importance and hierarchy, supported by the Proof of Work consensus for the creation or generation of new currencies.
TRANSPARENCY. As it is a public record of the information that is being integrated into it, it is possible to consult any registered operation. All that is required is to know the public address of the Wallet that we wish to find out.
TRACEABILITY. All movements made in the blockchain can be traced.
SECURITY. Derived from decentralization, there is a commensurate infinity of integral copies of the blockchain distributed around the world. To make any changes, it would be necessary not only to compromise the security of hundreds or thousands of nodes in parallel, but at the same time in an efficient and fast way, given that the blockchain is updated every time a new block is incorporated, and this happens every ten minutes for Bitcoin.
Have a great start to the week. Have a nice day.
