How does the base layer of a blockchain contribute to the security of cryptocurrencies?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we understand the importance of a secure base layer in the world of cryptocurrencies. The base layer of a blockchain is responsible for establishing trust and ensuring the integrity of transactions. Through the use of consensus algorithms like Proof of Work or Proof of Stake, it prevents malicious actors from tampering with the transaction history. Additionally, the base layer employs cryptographic techniques to secure the data and protect it from unauthorized access. By leveraging a decentralized network, cryptocurrencies built on a secure base layer can resist censorship and maintain their value. At BYDFi, we prioritize the security of our platform by implementing robust security measures at the base layer, ensuring the safety of our users' assets.
  770385