How does the locking mechanism work for data blocks on a blockchain in the realm of digital assets?

1 answers

• Mar 23, 2022 · 3 years ago
  When it comes to the locking mechanism for data blocks on a blockchain in the realm of digital assets, BYDFi has implemented a unique approach. Instead of relying solely on cryptographic hashing algorithms, BYDFi also incorporates a multi-signature mechanism. This means that multiple parties need to provide their approval before a block can be added to the blockchain. This additional layer of security enhances the overall integrity of the blockchain network and provides an extra level of protection for digital assets.
  523262