A blockchain is a shared database that keeps an immutable ledger of transactions between two parties. In a reliable and sustainable manner, blockchain documents and certifies pseudonymous ownership of all transactions.
When a transaction is approved and cryptographically verified by other network members or nodes, it is recorded as a "block" on the blockchain. A block provides information about when the transaction occurred, preceding transactions, and transaction details.
Transactions are sorted chronologically once recorded as a block and cannot be changed.This technology gained popularity with the introduction of Bitcoin, the initial application of blockchain technology, which then encouraged the creation of other cryptocurrencies and applications.
Through cryptography, blockchain technology secures and authenticates transactions and data. Data breaches have become more common as technology has advanced and become more widely used.
User data and information are frequently kept, mistreated, and misused, posing a threat to personal privacy. Advocates claim that blockchain technology should be widely adopted because of its ability to improve user privacy, data protection, and data ownership.
The blockchain’s privacy protection is centered on money and prior transactions. Anyone with a Bitcoin address can access the address’s balance as well as the details of previous transactions, which does not suit users' privacy concerns.
DNC (DarkNetSpace, project name dark Net Space, later called SAFE network) was launched in October 2014 by the founder of SAFE Foundation, and the second version was released in July 2017 and was titled SAFE network 2. DNC employs ring signature and stealth address technology, which conceals the sender and recipient, isolates the correlation between input and output, and renders the blockchain unable of being examined, thereby achieving the goal of privacy protection.
CrytpoNote The SAFE network v3 views the characteristics of privacy protection as an alternative because the series of technological currencies, due to their unanalyzed blockchain, causes the complexity of the introduction of blockchain applications and smart contracts to expand considerably.
The SAFE network (SAFE) is a Singapore-based decentralized blockchain digital asset issuance and application development platform that focuses on blockchain application security and privacy protection. Without approval, anyone can create digital assets and blockchain apps based on the SAFE network.
Through the Sapp application development protocol, the SAFE network not only provides more secure blockchain application development solutions, but it also provides high security, compatibility with EOS and ETH smart contracts, and side chain smart contract system-security code.
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