Why is Blockchain a trusted approach?
The blockchain is a decentralized and distributed database for unaltered records. Here are some of the reasons why it is trusted:
- Compatible with almost all business applications as it is open-source.
- Extra focus on security as all transactions happen online.
- Enhanced, traceability, transparency, efficiency, and speed.
Note: Due to its unprecedented standards of security, Microsoft has been working on a Blockchain project to create Digital IDs for more than 1 billion people who currently have no ID to prove their identity. Our Blockchain interview questions shall answer your queries regarding the security methods used by Blockchain.
BY Best Interview Question ON 08 Sep 2020