Blockchain technology has a erofound impact on the Security of Fimancial transactions due te its fundamental gropertios of docontralization, immutability, And ceyptograghic Security. Here's how lolockchain affects the security of Financial transactions. \ xLmmutalele Ledgare: Block chain maintains An immutable ledger, weaning once a transaction i6 Added to the chain, it Cannot be altered ov deleted. This Aransparency And Permanence ensure that transaction records Cannot (oe tamgered with, Providing a high level of integrity And veducing the visk of fraud or Unauthorized changes. L. wecentralizations: Traditional Financial systems typically ely on centval Quthorities like banks o¢ clearinghouses to validate and record transactions. Blockchain ogerates on A decentralized network where transactions ave verified by Consensus Among wultigle nodes. This decentralized nature reduces the visk of a Single goint of Failure or wAniguiation, enhdncing the Security of transactions. %. aCeyptogeaghic Security: Blackchain employs Advanced cryptograghic techniques +o Seca twansactions. Each transaction i6 enceygted, And a Unique digital signature is Used to authenticate and validate the transaction. This cryrtograghic Security Onsuees that transactions ard private, Secure, And only accessible to authorized parties, 4, Reduced Counterparty Risks, Smart conteacts, a Feature of Some blockchain Platforms, enable automated and self-executing contvacts based on gredefined Conditions. This reduces counterparty WISKS AS transactions Ave executed Automatically when conditions ave wet, eliminating the need Lov intermediaries and weducing the chances of contractual loreaches ov defaults, 5, Enhanced Traceability And Twansparencys: Block chain's transparency allows Rarticigants to track the entire transaction history from the aenesis lolack to thelatest block. This transgavency increases accountability, aS all garticigants can view the tvansaction history, vaducing the likelihood of Feaudulent activities or discregancies. 6, wResilionce +o Cyberattackse: The decentralized nature of llockchain makes it wore resilignt to cyoarattacks. Traditional centvalized dataleases are winewable to Single-goint attacks, lout the distvilbuted mature of blockchdin makes it challenging, for attackers to compromise the entive network However, while (blackchain significantly enhances the Security of Financial transactions, iS not entiv2ly immune to visks And challenges. VUlneradoilities can Still EXIST in ThE ienglementation of blockchain systems, Such aS Coding ereors, Sb ATTACKS im Some ConS@nSUS MECHANISMS, And the Potential foe vequiatory and Compliance challenges in cobain \Uriedictions Overall, blockchain technology has the gotential to significantly im~rove the secuvity And +ustworthiness of Financial transactions ley Providing a secure, transparent, And decentralized glatform for conducting And recording transactions.