Decentralization:
No single authority controls the network, fostering trust and reducing the risk of manipulation.
Transparency:
All participants have unfettered access to the entire history of transactions, ensuring openness and accountability.
Immutability:
Once a block is added, it becomes tamper-proof, providing a permanent and unchangeable record of transactions.
Decentralized Finance (DeFi):
Enables a wide range of financial services without traditional intermediaries, such as lending, borrowing, and trading, fostering financial inclusion.
Supply Chain Transparency:
Enhances visibility and traceability in supply chains by recording every transaction and movement of goods on a blockchain, reducing fraud and ensuring authenticity.
Cross-Border Payments:
Facilitates faster and more cost-effective cross-border transactions, overcoming the limitations of traditional banking systems and reducing reliance on intermediaries.