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Questions and Answers
What is the fundamental principle that underpins blockchain technology?
What is the fundamental principle that underpins blockchain technology?
In a traditional centralized system, who usually holds the keys to all operations?
In a traditional centralized system, who usually holds the keys to all operations?
What could be a potential risk in a centralized system if the central authority becomes corrupt or fails?
What could be a potential risk in a centralized system if the central authority becomes corrupt or fails?
What role do participants play in maintaining and validating data in a decentralized system like blockchain?
What role do participants play in maintaining and validating data in a decentralized system like blockchain?
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How do consensus mechanisms work in the blockchain network?
How do consensus mechanisms work in the blockchain network?
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What does the consensus mechanism do in a blockchain network?
What does the consensus mechanism do in a blockchain network?
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What is the main goal of both proof of work and proof of stake in a blockchain network?
What is the main goal of both proof of work and proof of stake in a blockchain network?
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How do cryptographic hash functions contribute to the security of a blockchain network?
How do cryptographic hash functions contribute to the security of a blockchain network?
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Why are hash functions considered integral to fortifying the immutability of a blockchain ledger?
Why are hash functions considered integral to fortifying the immutability of a blockchain ledger?
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In what way do cryptographic hash functions resemble fingerprints in a blockchain?
In what way do cryptographic hash functions resemble fingerprints in a blockchain?
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