3.2.3 Blockchain

Blockchain is the core technology of the MeleeHub platform, providing the foundation for a decentralized internet. Blockchain is a data structure that stores network data in encrypted blocks and links those blocks in a chain in chronological order. This structure provides the following benefits:

1. Decentralized Storage: Blockchain ensures that there is no single point of failure by distributing data across the entire network, improving the network's robustness.

2. Transparency: Since all participants hold some of the data and changes are notified to everyone, blockchain enhances data transparency.

3. Security: Combining encryption technology with decentralized storage, blockchain provides very robust security against tampering and unauthorized access.

In the MeleeHub platform, blockchain stores and manages various information related to platform operation, such as node registration, smart contract execution, and MELEE token management.