Blockchain possesses the following characteristics:
1. Decentralization: Blockchain operates independently without the control of any organization or entity, relying on algorithms and validating nodes to ensure decentralization. This enhances transparency and reduces the potential for fraud.
2. Distribution: The blockchain network is maintained by nodes worldwide, distributing computational power across multiple computers to ensure stability.
3. Immutability: Data recorded on the blockchain cannot be changed or modified once written into a block, thanks to consensus algorithms and hash functions.
4. Security: Blockchain utilizes cryptographic techniques to protect information, encrypting data into hash functions. Each block in the blockchain has its own hash and the hash of the previous block, ensuring data integrity and immutability.
5. Transparency:All transaction information on the blockchain is publicly available, allowing anyone to verify a
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