Found 1 Questions For Key Elements of Blockchain

Explain the Key Elements of Blockchain.

Updated on 02-Feb-2023 17:55:48
Key Elements of Blockchain1. Distributed ledger technology  All network participants have access to the distributed ledger and its immutable record of transactions.  With this shared ledger, transactions are recorded only once, eliminating the duplication of effort that’s typical of traditional business networks 2. Immutable records  No participant can change or tamper with a transaction after it’s been recorded to the shared ledger.  If a tr... Read Mores