HeyBitcoin is a -based smart investment management platform which helps investors connect with the most profitable traders in order to make investment portfolio management easier and more convenient.
While the system utilizes a powerful and error-free algorithm for analyzing the performance of different traders, it uses the secure technology for storing the trader data as well as the customer assets. Therefore, the security of the user data and assets is maintained through the immensely powerful and unbreachable technology.
Why HeyBitcoin uses Blockchain for Data Storage and Security
is the most secure and encrypted data transfer technology know to human. The power of tech can be understood by the fact that it the technology which empowers , the world’s most popular and used .
is a digital of transactions which is distributed among a number of nodes in a decentralized network. A single copy of the is maintained by all the nodes in the network, maintaining the credibility and transparency of the stored data. transactions are stored in the form of information blocks which are linked with each other via a cryptographic hash (address).
The security of a network lies in its fundamental features, which are:
- Decentralized
- Distributed
- Immutable
The technology can be used to virtually any kind of digital asset or data of value. The security in a is maintained through a decentralized distribution of a throughout the network. Each node in the network can access and manage the but cannot modify existing information without proper authentication. Each new information/transaction is verified by one of the nodes before adding to a block in the network.
Data security in a
Secure online transactions was the primary purpose behind the invention of this technology. maintains the security of data transmitted through its network by removing middlemen and centralized control.
The decentralized nature of ensures that it is not controlled by any one person or entity. In order to add a new block to the chain, the consensus of all participants is required, which makes it nearly impossible to cheat the system.
Blockchains make use of high-level encryption along with digital signatures and time-stamping for protecting the information stored in their ledgers. This is what makes it a very secure, probably the most secure, way of storing and managing any kind of digital data. Since data is not stored on a single server, but distributed among multiple nodes, the probability of data breach or hack is almost nil.
Therefore, Hey uses for securely storing and recording the performance data of traders as well as the digital assets of investors. For more details, check out: HeyBitcoin.
Published at Wed, 01 May 2019 12:07:28 +0000
