Blockchain overcomes the need for a trusted third party and verifies records by maintaining data on a distributed database that is public and difficult to hack.

Question

Quizplus · Accepted Answer

Blockchain technology eliminates the need for a central authority or trusted third party and ensures the veracity of transactions and data by using consensus and cryptography on a decentralized and tamper-proof network. This makes it difficult for any malicious actor to alter or compromise the information stored on the blockchain.

Blockchain Overcomes the Need for a Trusted Third Party and Verifies