👉 Blockchain-based computing, or blockchain computing, is a decentralized computing paradigm that leverages the distributed ledger technology (DLT) inherent in blockchain systems to perform computations. Instead of relying on centralized servers or cloud services, blockchain computing distributes the computational tasks across a network of nodes, each holding a copy of the entire blockchain. This approach enhances security, transparency, and resilience against attacks or failures, as no single entity controls the computation process. It enables applications such as smart contracts, decentralized finance (DeFi), and secure data sharing, where trust and immutability are paramount. By utilizing consensus mechanisms like Proof of Work or Proof of Stake, blockchain computing ensures that all participants agree on the computational results, making it an innovative and robust solution for various computational needs.
