👉 Blockchain-based computing, or blockchain computing, is a paradigm that leverages the distributed ledger technology of blockchains to perform computational tasks. Unlike traditional computing, where data is stored in centralized servers, blockchain computing distributes data across a network of nodes, ensuring transparency, security, and decentralization. In this model, computational tasks are divided among the network participants, who collectively solve problems using cryptographic techniques. The solutions are verified and recorded on the blockchain, creating an immutable and tamper-proof ledger. This approach not only enhances security by making it extremely difficult to alter data but also reduces the risk of single points of failure, making it ideal for applications requiring high levels of trust and integrity, such as financial transactions, supply chain management, and decentralized applications (dApps). By utilizing the collective power of the network, blockchain computing offers a robust and innovative way to tackle complex computational challenges.
