Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Why blockchain is a trusted model of the transaction?



Why blockchain is a trusted model of the transaction?..

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

Post New Answer

More Blockchain Interview Questions

Why is blockchain more trustworthy?

1 Answers  


How does blockchain differ from relational databases?

1 Answers  


What are the merkle trees? How important are merkle trees in blockchains?

1 Answers  


What is dao design pattern?

1 Answers  


What is the principle on which blockchain technology is based on?

1 Answers  


State difference between proof-of-work & proof-of-stake?

1 Answers  


You mentioned something about indexes. What determines the account index?

1 Answers  


What is a node in blockchain?

1 Answers  


Why blockchain is trustworthy?

1 Answers  


Why does blockchain technology excite you?

1 Answers  


What is the lightning network?

1 Answers  


What do you know about merkle trees in blockchain?

1 Answers  


Categories
  • Cryptography Algorithms Interview Questions Cryptography Algorithms (52)
  • Digital Certificates Interview Questions Digital Certificates (23)
  • Encryption Decryption Interview Questions Encryption Decryption (77)
  • Ciphers Interview Questions Ciphers (43)
  • Cryptography Protocols Interview Questions Cryptography Protocols (31)
  • Blockchain Interview Questions Blockchain (338)
  • Cryptography General Interview Questions Cryptography General (154)
  • Cryptography AllOther Interview Questions Cryptography AllOther (0)