How is data verified in blockchain?
An example of an AI chatbot conversation about data verification in blockchain technology.
How is data verified in blockchain?
Data in blockchain is verified through a consensus mechanism, ensuring all participants agree on the validity of transactions.
What are the different consensus mechanisms used?
Common consensus mechanisms include Proof of Work, Proof of Stake, and Delegated Proof of Stake, each with unique features.
How does Proof of Work ensure data integrity?
Proof of Work requires miners to solve complex mathematical problems, making it costly and time-consuming to alter any data.
Can you explain how smart contracts fit into this?
Smart contracts automate transactions and enforce agreements on the blockchain, relying on the same verification processes for security.
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