Interested to Buy Any Domain ? << Click Here >> for more details...
Why is blockchain more trustworthy?
- 1 Answers
- 8 Views
- I also Faced
- E-Mail Answers
Answer / Manoj Kumar
Blockchain technology offers several features that contribute to its perceived trustworthiness: decentralization, transparency, immutability, and security. Because no single entity controls the entire blockchain network, it reduces the risk of manipulation or censorship. Transparency allows participants to view all transactions, fostering accountability. Immutability ensures once recorded data cannot be altered without detection. Security is provided through complex cryptographic algorithms, such as hashing and public-key cryptography.
| Is This Answer Correct ? | 0 Yes | 0 No |
What are some ways to interact with a network?
What is double spending? Is it possible to double spend in a blockchain system?
How is smart contract development related to blockchain technology?
What is secret sharing? Will it have any benefit in blockchain technology?
What are the various approaches employed in attacking the rsa algorithm?
What is smart contract?
What is your vision for the future of blockchain and how it could impact the food industry? Beyond food safety, what other industries are ibm looking at to introduce blockchain technology?
Why does it cost money to invoke a method on a smart contract?
What is a d app?
How useful is blockchain to digital protection and cybersecurity?
What are the merkle trees? What is its importance in blockchain?
Explain about public blockchains?
Cryptography Algorithms 
