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What is the role of a node in a Blockchain network?
A node in a Blockchain network is a device or computer that participates in the network by maintaining a copy of the ledger, validating transactions, and contributing to the consensus process.
A node in a Blockchain network is a device or computer that participates in the network by maintaining a copy of the ledger, validating transactions, and contributing to the consensus process.
See lessWhat are some real-world applications of Blockchain?
Real-world applications of Blockchain include cryptocurrency transactions, supply chain management, digital identity verification, voting systems, healthcare records management, and intellectual property protection.
Real-world applications of Blockchain include cryptocurrency transactions, supply chain management, digital identity verification, voting systems, healthcare records management, and intellectual property protection.
See lessWhat is the role of decentralization in Blockchain?
Decentralization in Blockchain refers to the distribution of control and authority among multiple participants in a network, reducing the reliance on centralized intermediaries and enhancing security, transparency, and resilience.
Decentralization in Blockchain refers to the distribution of control and authority among multiple participants in a network, reducing the reliance on centralized intermediaries and enhancing security, transparency, and resilience.
See lessWhat is the Byzantine Generals' Problem in Blockchain?
The Byzantine Generals' Problem in Blockchain refers to the challenge of achieving consensus among distributed nodes in a network, even when some nodes may be unreliable or malicious.
The Byzantine Generals’ Problem in Blockchain refers to the challenge of achieving consensus among distributed nodes in a network, even when some nodes may be unreliable or malicious.
See lessWhat is the role of consensus algorithms in Blockchain?
Consensus algorithms in Blockchain are used to achieve agreement among network participants on the validity of transactions and the order of blocks, ensuring the integrity and security of the ledger.
Consensus algorithms in Blockchain are used to achieve agreement among network participants on the validity of transactions and the order of blocks, ensuring the integrity and security of the ledger.
See lessWhat is a double-spending attack in Blockchain?
A double-spending attack in Blockchain occurs when the same cryptocurrency is spent more than once, exploiting the decentralized nature of Blockchain to trick the network into accepting fraudulent transactions.
A double-spending attack in Blockchain occurs when the same cryptocurrency is spent more than once, exploiting the decentralized nature of Blockchain to trick the network into accepting fraudulent transactions.
See lessWhat is a 51% attack in Blockchain?
A 51% attack in Blockchain occurs when a single entity or group controls more than 50% of the network's computational power, allowing them to manipulate transactions, double-spend coins, or disrupt the network's operation.
A 51% attack in Blockchain occurs when a single entity or group controls more than 50% of the network’s computational power, allowing them to manipulate transactions, double-spend coins, or disrupt the network’s operation.
See lessWhat are the types of forks in Blockchain?
Types of forks in Blockchain include soft forks, which are backward-compatible and require network-wide consensus to enforce new rules, and hard forks, which are not backward-compatible and result in a permanent divergence of the Blockchain.
Types of forks in Blockchain include soft forks, which are backward-compatible and require network-wide consensus to enforce new rules, and hard forks, which are not backward-compatible and result in a permanent divergence of the Blockchain.
See lessWhat is a fork in Blockchain?
A fork in Blockchain occurs when a Blockchain splits into two or more separate chains due to differences in consensus rules, resulting in a divergence of transaction history and potentially creating two separate cryptocurrencies.
A fork in Blockchain occurs when a Blockchain splits into two or more separate chains due to differences in consensus rules, resulting in a divergence of transaction history and potentially creating two separate cryptocurrencies.
See lessWhat is a Merkle tree in Blockchain?
A Merkle tree is a data structure used in Blockchain to efficiently store and verify the integrity of large datasets by organizing transactions into a hierarchical tree structure with cryptographic hashes.
A Merkle tree is a data structure used in Blockchain to efficiently store and verify the integrity of large datasets by organizing transactions into a hierarchical tree structure with cryptographic hashes.
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