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What is the importance of merkle trees in blockchain?
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Answer / Vineet Prakash
The importance of Merkle Trees in blockchain lies in their ability to efficiently prove the validity of transactions without having to transmit the entire block. They are used in the construction of a Merkle Tree Root (MTR) for every block, which is essentially a 'fingerprint' of all the transactions within the block. This helps reduce data redundancy and increases transaction verification speed.
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