Blockchain Technology is a container consisting of tracks and records of different web-based transactions.
Using Blockchain you can keep track of all the virtual records or transactions.
Blockchain technology is one of the most secure methods of recording business transactions so that they can’t be edited, deleted, or accessed by any unauthorized users.
Blockchain technology is one of the Secure forms of Web development used in keeping the records of different transactions performed by the end-users on a particular website.
In this article we have discussed several aspects of Blockchain Technology and how it is used in Web development with its benefits and limitations.
Table of Content
How Blockchain Technology is Helpful in Web Development
Many Web Developers are currently using Blockchain Technology in Web development because of its features like Security, Productivity, and accuracy. Blockchain technology is efficient enough to keep copyright records and some of the files that have digital records.
As we all know that a website is totally based on two ends one is the front end and another is the backend. The backend is used for storing data of the visitors on that particular website.
The website is totally built according to the demands of its customer who can be termed as its user. Blockchain is a set of applications used to assist the backend of a particular website.
Use of Blockchain Technology
There are So many uses of blockchain development technology in Web development. Blockchain is responsible for securely keeping the records of the transactions and also can be used to track any transaction.
Blockchain technology is mostly used in the websites which are having their own payment gateways and also by web-based payment applications which are having payment wallets. These websites and applications are secured using Blockchain development so that they can’t be accessed by any unauthorized user or hacker.
Role of Blockchain Technology in Web Development
Blockchain consists of a set of blocks which is having multiple forms of data. The data stored in these blocks are a set of transactions that a user has performed on a particular website like Passwords, Payments, and other sorts of data that are provided by the users while accessing the website.
There are Blockchain Development Companies in USA which are also working with some of the Top Website development companies in order to perform Blockchain-based web development which ensures the security of a particular website in which different users are performing different transactions.
In order to keep track of each and every transaction with security Blockchain development is used in web development. It also makes it easy to keep the records of the transaction when the developers have performed web development with Blockchain technology.
Features of Blockchain Web technology
Consistency: The main feature of blockchain technology is its consistency which means the data preserved inside the different blocks remains unchanged which means that no other user can have access to the data and cannot change the data values. This also avoids Data Corruption.
Independency: One of the advantageous features of the blockchain system is its independency which means that the system can be operated independently without the need of any governing authority.
Security: Another feature of Blockchain-based web development is Security. It is considered one of the most secure web development systems. In this system, all the personal data of the user remains secure with the help of encryption so no unauthorized user can add, modify or delete the data present inside the blocks.
Transparency of Data: The data in the Blockchain systems is transparent which means each and every public user can see the data on the systems. There are some the Private Blockchains also which are not transparent at all so only authorized users can see and access them.
Decision Making: Blockchain is totally based upon the different algorithms. These algorithms id designed in such a way that enables decision-making using the networks.
These are some of the characteristics and features of blockchain development that make it more efficient and can be used as a web development technology.
Limitations of Blockchain
There are certain limitations of Blockchain technology in the web development which are discussed below:
Not Scalable: Blockchains are not scalable at all this is because of the network congestions. If there is a lot of traffic available on your website which is based on Blockchain Network then there are higher chances of the network slowing down.
Higher Energy Consumption: Some of the blockchain systems need a larger amount of energy to be operated so there is a large amount of energy consumption in the Blockchain systems.
Consistency of data: This is also a disadvantage of blockchain systems because in the blockchain systems the users can’t remove the data which is already inserted.
Doesn’t provide Higher Security: Blockchain Systems don’t provide higher security because in this kind of system the users who are having access to more than 50% of nodes or blocks can have access to the system which makes it more vulnerable.
Costly: Blockchain-based web development is one of the costly procedures of web development because the developers need to develop a whole system that requires a lot of resources which incurs higher costs.
These are some of the details about blockchain-based web development. Blockchain development is one of the most secure procedures of web development which requires a lot of knowledge about Blockchain web development practices. It is totally dependent on the requirements of the users as mentioned above so if the user needs to have a website which is having a payment gateway then the developers can use the Blockchain system for keeping the records of all the transactions and making the system more secure.