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RE: Steemit Crypto Academy Contest / S8W1 - The Importance Of Blockchain Technology

Hii @cryptoloover

Thanks for sharing your quality content with us.I appreciate your efforts. Blockchain technology is in the developing stages. There are some issues in its implementation such as scaliibility, compatibility,energy consumption or cyber attacks as you have discussed in detail.We can prevent these malicious attacks by securing our keys.

I agree with your explanation about the key features of Blockchain technology .

As the blockchain is the decentralized technology so there is no third party when the transaction are processed

You have rightly said as there is no third-party involvement so the decentralized nature has enhances the users trust on the technology.

Working of the blockchain technology is based on the nodes that records and proceed the transaction.These recorded transaction are immutable that is another impressive feature of blockchain.

Zero-knowledge proof is an advance protocol of verification that did not use the personal information of the users.You have also explained well about interactive and non-Interactive ZKP .This technology has advanced the authentication process in various apps or websites and helps to make the apps more secure.

Transparency, decentralized nature and security are the impressive advantages of the blockchain technology that makes it worthy.There are aslo some drawbacks you have rightly explained.

Thanks for sharing.Good luck for the contest.

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Thanks for valuable comment

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