Technical Interview Questions
Cryptocurrency is a digital asset(currencies) which can be used to exchange value between parties. It uses strong cryptography to secure and verify the financial transactions as well as control the creation of new units of that currency. As we know, it is a digital currency, so it doesn’t exist physically. Some popular cryptocurrencies are Bitcoin, … Read more
A Coinbase transaction is the first transaction in a block. It is a unique type of bitcoin transaction that can be created by a miner. The miners use it to collect the block reward for their work and any other transaction fees collected by the miner are also sent in this transaction. A Coinbase … Read more
The DAO stands for Decentralized Autonomous Organization. It is an organization that is both autonomous and decentralized. It is represented by rules encoded as a computer program that is transparent, controlled by shareholders, and not influenced by the central government. A DAO can be seen as the most complex form of a smart contract. A … Read more
Blockchain is a trusted approach due to the following reasons: It is easily compatible with other business applications due to its open-source nature. It is safe, hacking proof and encrypted. There is no central authority to control it. All participants agreed to how a transaction inserted into the blockchain. The transaction is immutable means once … Read more
A ledger is a file that is constantly growing. It keeps a permanent record of all the transactions that have taken place between two parties on the blockchain network. There are three common types of a ledger that can be considered by users in the blockchain: Centralized Network Decentralized Network Distributed Network In the … Read more