Interested to Buy Any Domain ? << Click Here >> for more details...
Why blockchain is a trusted model of the transaction?
- 1 Answers
- 12 Views
- I also Faced
- E-Mail Answers
Answer / Upendra Kumar Raj
Blockchain provides trust through its decentralized and distributed nature. All network participants have access to the same copy of the ledger, which prevents any single entity from altering the records unilaterally. The consensus mechanism ensures that all transactions are verified and validated by multiple nodes before being added to the blockchain.n
| Is This Answer Correct ? | 0 Yes | 0 No |
What is dao used for?
What are the most promising industries to be transformed by blockchain?
Explain consortium blockchains?
What is block time in blockchain?
What is secret sharing? Will it have any benefit in blockchain technology?
What is remix?
What is the difference between bitcoin and blockchain?
What are merkle trees?
How secure is blockchain? Have they even be hacked?
What are confirmations on the blockchain?
What is 51% attack?
What are the key principles in Blockchain that are helpful in eliminating the security threats that needs to be followed?
Cryptography Algorithms 
