Transparency

Due to the unchanging nature of the bitcoin blockchain, all transactions can be viewed transparently, either with a private node or with blockchain investigators, allowing anyone to view the transaction in real time. Each node has its own copy of the chain, which is updated as new blocks are verified and added. This means you can track the bitcoin anywhere, if you want.

For example, in the past, exchanges were hacked when bitcoin holders lost everything. Although a hacker may be completely anonymous, he has easily tracked bitcoins. If the stolen bitcoins had to be moved or spent as a result of these hacks, it will be known.

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Hi, I'm Taimoor Moosani, an aspiring blogger with an obsession for all things tech. This blog is dedicated to helping people learn about the word of digitalization and technology.

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