Q & A
- Time:2024-11-06 02:05:32
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1.What is blockchain?
Blockchain is a distributed ledger technology that achieves secure storage and trusted sharing of data through decentralization, encryption algorithms, chain structures, and other means.
2. What is a blockchain protocol?
It specifies the rules for communication, data storage, transaction processing, and other aspects of nodes in blockchain networks, such as the Bitcoin protocol and Ethereum protocol.
3.What is the function of blockchain protocol?
Ensure network consistency, security, and normal operation, allowing different nodes to work together.
4.What are the characteristics of blockchain?
Decentralization, immutability, transparency, anonymity, traceability, etc.
5.What is a smart contract?
Smart contract is an automatically executed contract term based on blockchain technology, which automatically executes corresponding operations when preset conditions are met.
6.What are the advantages of smart contracts?
Reduce human intervention, improve efficiency, lower trust costs, automate execution, etc.
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