Question: In a blockchain, once the transaction is validated, how are the records of the transaction kept? one designated node in the network as selected by

In a blockchain, once the transaction is validated, how are the records of the transaction kept?

one designated node in the network as selected by the decentralized consensus keeps the full records

all nodes in the network automatically get a copy of the full records of the transaction

a group of nodes in the network as selected by the decentralized consensus keep the records; every node keeps different portions of the records; together, they keep the full records

a group of nodes in the network as selected by the decentralized consensus keep the records; every node has the exact same full records

In a blockchain, once the transaction is validated, how are the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!

What are the three major types of product costs in a manufacturing company?

Please assist with below question in C Computer Networks Socket Programming Project 1 Introduction Bitcoin was unleashed on the world in 2009 as the first decentralized digital currency. The...

hello got to fill out schedule k for Jim corporation 2011 Instructions for Form 1120 Department of the Treasury Internal Revenue Service U.S. Corporation Income Tax Return Section references are to...

Please Help with this Hypothetical 1065 Tax Return.. Form 1065 Due Thursday, November 12 by 5:00 PM CST US Check Figures - Form 1065 Page 1, Line 22 (Ordinary Business Income) - $156,275 Page 5, Line...

We are increasingly seeing new trends in application of emerging technologies, such as blockchain, audit analytics and continuous auditing, artificial intelligence and others in the public sector....

Review the article and share your thoughts and observations along with related examples of data protection techniques. Address each of the objectives listed below. Discuss the role of information...

Blockchain Consensus Algorithms At Blockchain Consensus algorithms ensure each new block added to the network is the only version of the truth, which is agreed by all the nodes in a...

Your manager has provided you the following matrix and asked that you use it to complete the design assessment phase of your testing. The manager has already performed a preliminary survey, and has...

The possibilities are virtually countless, especially when the power of IoT is combined with that of other technologies, such as machine learning. But some major hurdles will surface as billions of...

Please answer all below What other element is commonly associated with the Ethereum blockchain in Proposal B that is not part of the Bitcoin blockchain in Proposal A? a. hype b. smart contracts c....

BLOCKCHAIN: A NEW SOLUTION FOR SUPPLY INTEGRITY Min Pan wrote this case under the supervision of Professors Xin (Shane) Wang and Xin Xu solely to provide material for class discussion. The authors do...

Phoenix Company's 2019 master budget included the following fixed budget report. It is based on an expected production and sales volume of 15,000 units. PHOENIX COMPANY Fixed Budget Report For Year...

Refer to the financial statements of The Home Depot in Appendix A at the end of this book, or download the annual report from the Cases section in the Connect library. Required: 1. On what dates did...

Comparative Income Statements and Basic EPS Anoka Company reported the following selected items in the shareholders' equity section of its balance sheet on December 31, Year 3, and Year 4: December...

3 . Materiality As a senior auditor, you calculated the materiality of the financial statements of Speedster to be R 3 4 0 0 0 0 0 . The audit team documented that the revenue account balance was...

2. The Interactive Patient is a realistic interactive computer simulation of a patients visit to a physicians office. The Interactive Patient is a Web-based training program used to train medical...

7. What are some potential problems with using virtual reality technology for training?

6. Is all Internet training the same? Explain.