Question

BlockChain provides ___________ database of every transaction involving value.

Answer 1

Block Chain provides many database of every transaction involving value

Answer 2

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.