Question: What is the role of a consensus algorithm in the context of blockchain scalability?
Answer:
The consensus algorithm in blockchain scalability plays a role in improving the performance of the blockchain network, addressing challenges related to transaction speed and throughput.
MCQ: What is the role of a consensus algorithm in the context of blockchain scalability?
Explanation:
The consensus algorithm in blockchain scalability plays a role in improving the performance of the blockchain network, addressing challenges related to transaction speed and throughput.
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Related Questions
- 1. How does blockchain technology contribute to the concept of decentralized finance (DeFi)?
- 2. What is the purpose of a timestamp in blockchain transactions?
- 3. How does blockchain contribute to the immutability of data records?
- 4. What role does a nonce play in the context of blockchain mining?
- 5. How does blockchain contribute to the prevention of double-spending in digital currencies?
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- 7. What is the role of a block header in a blockchain structure?
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