Blockchain Interview Questions and Answers
Blockchain technology sometimes also referred to as Distributed Ledger Technology (DLT), makes the transactional history of any digital asset unalterable and transparent through the use of decentralization and cryptographic hashing. It is widely popular because it helps in reducing risks, brings out fraud, and brings in scalability for a myriad of users.
Our list of blockchain interview questions shall help you to gain more insights into this subject and also help you secure a job position in this promising field. You can download these interview questions and answers in a PDF format to read along later.
Most Frequently Asked Blockchain Interview Questions
Blind Signature is based on a public key digital signature scheme like RSA. In Blockchain, it is used to get the message signed by the signer without actually revealing any information of the message. This is achieved by disguising the message before signing it.
In a Blockchain, transaction data is stored in the form of records in ‘Digital Blocks”. Each block is connected to all the blocks before and after it. These are secured using cryptography. Now, because Blockchain is decentralized and comprises a peer-to-peer network, data cannot be altered from a single point/computer.
Secret Sharing is a method used by the Blockchain to protect data. In this, instead of sharing information directly to the receiver, the user sends parts of the information to multiple systems with the receiver as the destination.
Tokens are an integral part of the blockchain network and are used in multiple ways to represent ownership, investment, and incentivize growth. Besides this, tokens also have a variety of direct and indirect functional capabilities.