Question

blockchain provides ___________ database of every transaction involving value.

Answer 1

The internet is entering a second era that’s based on blockchain. The last few decades brought us the internet of information. We are now witnessing the rise of the internet of value. Where the first era was sparked by a convergence of computing and communications technologies, this second era will be powered by a clever combination of cryptography, mathematics, software engineering and behavioural economics. It is blockchain technology, also called distributed ledger technology. Like the internet before it, the blockchain promises to upend business models and disrupt industries. It is pushing us to challenge how we have structured society, defined value and rewarded participation.

Answer 2

Answer:

Block chain provides Decentralized database of every transaction involving value.

Explanation:

Block chain provides Decentralized database of every transaction involving value. This helps in many ways such as:

• Records cannot be altered unless all the subsequent blocks are altered too.

• Participants can audit transactions independently.

• Such design accelerates the workflow.

• Block-chain is well known as value-exchange protocol.

• Block-chain process is faster, safer and affordable.

• The transactions are hashed and encoded into a Merkle tree.