Knowee
Questions
Features
Study Tools

Which of the following fields are strongly related to blockchain? [i] Cryptography[ii] Game theory[iii] Centralized Computing

Question

Which of the following fields are strongly related to blockchain?

[i] Cryptography
[ii] Game theory
[iii] Centralized Computing

🧐 Not the exact question you are looking for?Go ask a question

Solution

[i] Cryptography and [ii] Game theory are strongly related to blockchain.

Cryptography is a fundamental part of blockchain technology. It ensures the security and integrity of data stored on a blockchain. Cryptographic algorithms are used to secure the identity of participants, validate transactions, and ensure data isn't tampered with.

Game theory is also important in blockchain, particularly in the design of consensus protocols, which are used to agree on a single version of the blockchain's history. Game theory helps ensure that it is in the best interest of all participants to act honestly.

[iii] Centralized Computing, on the other hand, is not strongly related to blockchain. In fact, one of the key features of blockchain is its decentralized nature, which means that no single entity has control over the entire network. This is in contrast to centralized computing, where one central unit (like a server) has control over all computing resources.

This problem has been solved

Similar Questions

Are you aware of the recent trends in the crypto and blockchain space, including Layer 0, 1, and 2 protocols, DeFi, NFT, gaming, and Web3 applications?

Discuss any two benefits and usecase of Blockchain enabled in cybersecurity? for 2 marks

Discuss the list of factors and solutions affecting scalability and interoperability of Blockchain network?

The following technologies are mentioned as emerging technologies in health care EXCEPT:Question 6Answera.Blockchainb.Telemedicinec.AId.Roboti

Slide 3: What is Blockchain?Define blockchainMention its decentralized and distributed natureEmphasize its security features

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.