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Blockchainβs transparent and tamper-proof nature forms the cornerstone of its ability to build trust among participants. Every transaction recorded on the Blockchain is immutable, meaning it cannot be altered retroactively without consensus from the majority of network participants. This transparency and immutability empower users to verify the integrity and authenticity of data, eliminating the need for blind trust in centralized authorities.
Furthermore, Blockchainβs decentralized nature prevents any single entity from controlling or manipulating the network. This distributed control fosters trust and eliminates the risk of censorship, as decisions are made collectively and transparently. The Blockchainβs open and auditable nature allows individuals to validate transactions, ensuring fairness and accountability.
