Interested to Buy Any Domain ? << Click Here >> for more details...
What do you know about blockchain? What is the difference between the bitcoin blockchain and ethereum blockchain?
- 1 Answers
- 12 Views
- I also Faced
- E-Mail Answers
Answer / Jitendra Kumar Ray
Blockchain technology is a decentralized, distributed digital ledger that records transactions across many computers. Each block in the chain contains multiple transactions and a unique code called a hash, which links it to the previous block in the chain. Bitcoin and Ethereum are both cryptocurrencies built on blockchain technology, but they have some differences: Bitcoin is primarily designed as a digital currency for peer-to-peer transactions, while Ethereum also allows developers to build decentralized applications (dApps) and issue their own tokens. The Bitcoin blockchain has a larger block size of 1MB, whereas the Ethereum blockchain uses a dynamic gas fee mechanism.
| Is This Answer Correct ? | 0 Yes | 0 No |
Is it possible to switch the data once it’s written in an exceeding block?
Are there any network-specific conditions for using blockchain technology in an organization?
What role does encryption play in blockchain?
How would you differentiate bitcoin blockchain and ethereum blockchain?
What are the benefits of blockchain that you know?
What is a cryptocurrency?
Why blockchain is trustworthy?
What is transparent and incorruptible in blockchain?
What are the limitations of blockchain?
What do you understand by the security of a block?
Is ico understanding required to get a complete picture of blockchain technology?
Explain the principle of blockchain technology?
Cryptography Algorithms 
