Question: What is the purpose of a timestamp in blockchain transactions?
Answer:
A timestamp in blockchain transactions is used to validate the authenticity of transactions, providing a chronological record of when a transaction occurred.
MCQ: What is the purpose of a timestamp in blockchain transactions?
Explanation:
A timestamp in blockchain transactions is used to validate the authenticity of transactions, providing a chronological record of when a transaction occurred.
Discuss a Question
Related Questions
- 1. How does blockchain contribute to the immutability of data records?
- 2. What role does a nonce play in the context of blockchain mining?
- 3. How does blockchain contribute to the prevention of double-spending in digital currencies?
- 4. How does blockchain contribute to the prevention of data tampering in digital records?
- 5. What is the role of a block header in a blockchain structure?
- 6. How does blockchain address the challenge of data privacy in transactions?
- 7. What is the purpose of a zero-knowledge proof in blockchain transactions?
- 8. How does blockchain contribute to the concept of token economies and incentivizing participants?
- 9. What is the role of a decentralized autonomous organization (DAO) in blockchain governance?
- 10. How does blockchain contribute to the reduction of fraud in digital identity systems?
You may be interested in:
Cyber Security Multiple Choice Questions And Answers (MCQs)Recently Added Articles
How Can AI Simplify the Academic Life of Students?
Last updated on: April 16, 2025Posted by: ExamRadar
Want to Clear IBPS RRB PO? Master These Mock Test Hacks!
Last updated on: March 10, 2025Posted by: ExamRadar
Top AI Tools for Instantly Detecting Plagiarized Writing
Last updated on: December 5, 2024Posted by: ExamRadar
Applying Algorithmic Trading Techniques to Forex: Insights for Programmers and Data Scientists
Last updated on: November 22, 2024Posted by: ExamRadar
Image to Text Conversion Made Easy: Online Tool Insights
Last updated on: April 12, 2024Posted by: ExamRadar
