How is a blockchain ledger different from an ordinary one?
Answer / Manoj Kumar Verma
A blockchain ledger differs significantly from an ordinary ledger. A traditional ledger is centralized, controlled by a single entity, and prone to manipulation or errors. In contrast, a blockchain ledger is distributed across many computers (nodes) in the network, creating a decentralized and immutable record of transactions that is resistant to manipulation.
| Is This Answer Correct ? | 0 Yes | 0 No |
What are your biggest hopes and fears regarding the future of this technology?
What is the principle of blockchain technology?
What are the types of blockchains?
Explain the importance of blind signature and the way it’s useful?
Is it possible to double spend in a blockchain system?
What is the concept of dao?
When talking about a “transaction”, does any action on a blockchain represent a transfer of value?
What is the difference between public and private key?
How is a blockchain ledger different from an ordinary one?
How are blocks changed together?
What is secret sharing in blockchain technology?
What are the benefits of blockchain to ensure proper safety?