As a decentralized model, blockchain and other technologies that are inspired by it offer all the advantages seen in the preceding paragraphs, in addition to a series of specific advantages, which we will summarize here, together with the disadvantages.
Advantages and disadvantages of blockchain
Advantages of blockchain
Transaction immutability: Leveraging the hashing and encryption features we analyzed in Chapter 2, Cryptography Essentials, blockchain guarantees the immutability and non-repudiation of transactions. In other words, the blockchain ledger does not allow the deletion of existing transactions, and any changes made to them will result in new transactions that are added to existing ones, thus maintaining the continuity...