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How does mining work in Blockchain?
Mining in Blockchain involves validating transactions, creating new blocks, and securing the network by solving cryptographic puzzles using computational power, with miners rewarded with cryptocurrency for their efforts.
Mining in Blockchain involves validating transactions, creating new blocks, and securing the network by solving cryptographic puzzles using computational power, with miners rewarded with cryptocurrency for their efforts.
See lessWhat is a cryptographic hash function?
A cryptographic hash function is a mathematical algorithm that takes an input (message) and produces a fixed-size string of characters (hash value) that is unique to that input, ensuring data integrity and immutability.
A cryptographic hash function is a mathematical algorithm that takes an input (message) and produces a fixed-size string of characters (hash value) that is unique to that input, ensuring data integrity and immutability.
See lessWhat is the role of cryptography in Blockchain?
Cryptography is used in Blockchain to secure transactions, protect data integrity, authenticate participants, and ensure privacy through techniques such as hashing, digital signatures, and encryption.
Cryptography is used in Blockchain to secure transactions, protect data integrity, authenticate participants, and ensure privacy through techniques such as hashing, digital signatures, and encryption.
See lessWhat is a permissionless Blockchain?
A permissionless Blockchain is a Blockchain network where anyone can join, participate, and transact without needing approval or authorization, exemplified by public Blockchains like Bitcoin and Ethereum.
A permissionless Blockchain is a Blockchain network where anyone can join, participate, and transact without needing approval or authorization, exemplified by public Blockchains like Bitcoin and Ethereum.
See lessWhat is a permissioned Blockchain?
A permissioned Blockchain is a Blockchain network where access and participation are restricted to a predefined group of entities, often used in enterprise or consortium settings.
A permissioned Blockchain is a Blockchain network where access and participation are restricted to a predefined group of entities, often used in enterprise or consortium settings.
See lessWhat are the characteristics of a decentralized application (DApp)?
Characteristics of DApps include open source code, decentralized consensus mechanisms, cryptographic tokens, and a decentralized data storage layer.
Characteristics of DApps include open source code, decentralized consensus mechanisms, cryptographic tokens, and a decentralized data storage layer.
See lessWhat is a decentralized application (DApp) in Blockchain?
A decentralized application is an application that runs on a decentralized network, such as a Blockchain, with no single point of control or failure, enabling peer-to-peer interactions and data ownership.
A decentralized application is an application that runs on a decentralized network, such as a Blockchain, with no single point of control or failure, enabling peer-to-peer interactions and data ownership.
See lessWhat are the benefits of smart contracts?
Benefits of smart contracts include automation of processes, elimination of intermediaries, reduced transaction costs, increased transparency, and improved security.
Benefits of smart contracts include automation of processes, elimination of intermediaries, reduced transaction costs, increased transparency, and improved security.
See lessWhat is a smart contract in Blockchain?
A smart contract is a self-executing contract with the terms of the agreement between parties written directly into code on the Blockchain, automating the execution of contract terms and enforcing trust.
A smart contract is a self-executing contract with the terms of the agreement between parties written directly into code on the Blockchain, automating the execution of contract terms and enforcing trust.
See lessWhat are the disadvantages of Proof of Stake (PoS) consensus?
Disadvantages of PoS consensus include potential for stake grinding attacks, less incentive for network security, and reliance on wealth distribution.
Disadvantages of PoS consensus include potential for stake grinding attacks, less incentive for network security, and reliance on wealth distribution.
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