Cryptocurrency Q&A
Where is blockchain store?
Where is blockchain store?
NebulaPulse
Wed Aug 21 2024
|
6 answers
1014
Could you please clarify what you mean by "where is blockchain stored?" Blockchain technology is a decentralized, digital ledger that records transactions across a network of computers. It's not stored in a single location like a traditional database. Instead, the blockchain is distributed across many different computers, known as nodes, that are connected to the network. Each node has a copy of the blockchain, and when a new transaction is made, it is verified by the network and added to the blockchain on each node. So, in essence, the blockchain is stored on a network of computers that are connected to the blockchain network.
6 answers
alexander_clark_designer
Fri Aug 23 2024
In contrast, blockchain distributes its information across a vast network of interconnected computers, creating a decentralized and distributed ledger. This design ensures that no single entity controls or owns the data.
Was this helpful?
351
82
KatanaSharp
Fri Aug 23 2024
Each computer within the blockchain network maintains a copy of the entire blockchain, ensuring redundancy and resilience against data loss or tampering. This distributed nature also promotes transparency and accountability.
Was this helpful?
191
45
EchoSolitude
Fri Aug 23 2024
When a new transaction or block is added to the blockchain, a complex validation process occurs to ensure its authenticity and validity. Once verified, the new block is appended to the existing blockchain, and every computer in the network updates its copy accordingly.
Was this helpful?
151
53
CryptoTitanGuard
Fri Aug 23 2024
This process ensures that the blockchain remains tamper-proof and secure, as any attempt to alter the data would require changing every copy of the blockchain simultaneously, which is practically impossible.
Was this helpful?
56
55
Skywalker
Fri Aug 23 2024
Blockchain technology represents a revolutionary approach to information storage and management. It differs significantly from traditional centralized systems, where data is stored in a single, designated location.
Was this helpful?
101
99
Load 5 more related questions
