Thu. Oct 6th, 2022

Blockchain transactions are shared through a process called mining. Mining is how new blocks are added to the blockchain. Miners are rewarded with cryptocurrency for their work in verifying and committing transactions to the blockchain.

Other related questions:

Q: How is the blockchain shared?

A: The blockchain is shared through a network of computers, each of which stores a copy of the blockchain. When a new transaction is added to the blockchain, all computers on the network update their blockchain copies to reflect the new transaction.

Q: Can everyone see transactions on blockchain?

A: Yes, all transactions on the blockchain are public.

Q: What process does blockchain use to link transactions together?

A: Blockchain technology uses a process called “consensus” to link transactions together. Consensus is a process of reaching agreement among a group of people. In the context of blockchain technology, consensus is used to verify that a transaction is valid and should be added to the blockchain.

Bibliography

Leave a Reply

Your email address will not be published.