Three concepts used to explain the foundation of blockchain

Asked by admin @ 20/08/2021 in Business Studies viewed by 307 People

The three concepts used to explain the foundation of blockchain are

Answered by admin @ 20/08/2021

Block chain is a continually growing list of records called blocks which are linked and secured using cryptography. Each block typically contain a cryptography hash, a timestamp and a transaction data. A hash is a unique digital signature generated cryptography which links the two subsequent blocks to form a chain.

The three concept used to explain the foundation of block chain are the block, the chain and the network. A block is a time bound collection of data that is published into ledger entered into the block chain over a given period of time.

A chain is a collection of blocks that are linked together referencing hashes from the previous block. Hash being the glue that holds the block chain together and creates trust.

Network consists of computers that host the information entering the block chain via transaction. Before any permanent entry is made into the block chain, all nodes verify the transaction. Nodes are computers or system operating on a larger network.

The concept of an ideal gas is used to explain

Asked by maham237 @ 02/07/2021 in Chemistry viewed by 374 persons

(1) the mass of a gas sample(2) the behavior of a gas sample(3) why some gases are monatomic(4) why some gases are diatomic

Explain three strategies you can use to take better notes

Asked by maham237 @ 23/06/2021 in English viewed by 318 persons

Explain the concept of natural selection using moths

Asked by maham237 @ 11/02/2021 in Biology viewed by 289 persons

Explain the concept of "natural selection" using your moths as an example

Using the information learned in this course, explain three things you will not do when driving.

Asked by maham237 @ 24/12/2020 in Computers And Technology viewed by 340 persons

Stops: Using the information learned in this course, explain three things you will not do when driving.a. b. c.

Explain and compare the concepts of comparative and absolute advantage

Asked by admin @ 26/11/2021 in History viewed by 260 persons

What is the difference between comparative advantage and absolute advantage? A. Comparative advantage measures opportunity cost and absolute advantage measures efficiency.B. Absolute advantage measures opportunity cost and comparative advantage measures …

Give three examples of how congress uses its commerce power

Asked by admin @ 28/10/2021 in History viewed by 349 persons

4. What are the three examples of expressed powers of Congress?

Explain the concept of a low carbon lifestyle

Asked by admin @ 25/08/2021 in Environmental Sciences viewed by 297 persons

Explain the concept of low carbon life style in 80 words

List three ways in which early humans used fire

Asked by admin @ 20/08/2021 in Social Sciences viewed by 331 persons

3. List three ways in which early humans used fire.

Explain the concept of a low carbon life style

Asked by admin @ 20/08/2021 in Environmental Sciences viewed by 293 persons

Explain the concept of low carbon life style in 80 words

List any three uses of a word processing software

Asked by admin @ 20/08/2021 in Computer Science viewed by 322 persons

List any three uses of a word processing software?

Write at least three benefits of using a network

Asked by admin @ 20/08/2021 in Computer Science viewed by 322 persons

Write at least three benefits of using a network.

Describe three ways for the efficient use of energy

Asked by admin @ 20/08/2021 in Physics viewed by 309 persons

Describe the three ways for the efficient use of energy

Name three fuels used to cook food at home

Asked by admin @ 20/08/2021 in Science viewed by 339 persons

collect information about the type of fuels used for cooking in your area .discuss with your/teacher/parents/others which fuels are less polluting and why