What Is A Blockchain Quizlet - Samuelpaganoto.com

Last Updated on April 13, 2024 by Paganoto

Blockchain Flashcards – Quizlet

Blockchain is an encrypted, distributed database shared across multiple computers or nodes that are part of a community or system. What makes it one of the most exciting technologies? Its ability to reduce the possibility of security breaches by even its own operators. You just studied 126 terms!

Blockchain Flashcards – Quizlet

-a blockchain allows parties to transact directly with each other through a single distributed ledger, eliminating the need for centralized transaction …

Blockchain Flashcards – Quizlet

–Blockchains are decentralized ledgers which, by definition, are not controlled by a central authority. -Due to the value stored in these ledgers, bad actors …

blockchain Flashcards – Quizlet

Blockchain is really just a distributed, digital ledger which can be used for exchange, agreements & contracts, tracking and payment. true.

Blockchain Flashcards – Quizlet

Why was blockchain invented? to serve as the public transaction ledger of bitcoin.

Blockchain Flashcards – Quizlet

What is a blockchain? A digital ledger that makes Bitcoin and other policies possible. Hashing in a blockchain. a) changes a transaction into an unreadable …

Blockchain overview Flashcards – Quizlet

Instead of using a central entity to manage the chain, blockchains use a peer-to-peer network where everyone is allowed to join and verify blocks.

Blockchain Flashcards – Quizlet

A private blockchain that uses an access control layer that governs who has access to the network.

Week 1: What is Blockchain? Flashcards – Quizlet

A concept that uses computational power as the basis to mine blocks or validate transaction in order to economically deter attacks on the system.

Distributed Ledger / Blockchain / Cryptocurrency – Quizlet

An umbrella term for a shared, and synchronized database. A digital system to record transactions of assets, anything of value, without a centralized authority.

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