Business Studies, asked by ramdev3073, 11 months ago

The three concepts used to explain the foundation of blockchain are business network

Answers

Answered by Answers4u
3

First concept is block which includes time bound datasets which are published into the Hyperledger of the Blockchain.  Second concept is the chain of several blocks which have been linked to each other by using #.  Third concept is a network of nodes which can host the datasets which are entering the Blockchain.

Answered by Sidyandex
0

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 blockchain over a given period of time.

A chain is a collection of blocks that are linked together.  

Hash being the glue that holds the block chain together and creates trust.

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