How are cryptocurrencies secured through technology? 🔊
Cryptocurrencies are secured through technology using blockchain principles, which provide distributed and decentralized ledgers. These ledgers ensure that all transactions are recorded across multiple nodes, making it nearly impossible to alter or hack. Each transaction is verified through a consensus mechanism, adding an additional layer of security. Additionally, cryptographic techniques such as hash functions and digital signatures are employed to safeguard user identities and transaction integrity, ensuring that the cryptocurrency network remains secure and trustworthy.
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