Cryptocurrency Q&A
What is Blockchain onion?
What is Blockchain onion?
Martino
Thu Nov 07 2024
|
5 answers
747
The user wants to understand the concept of 'Blockchain onion,' which seems to be a misnomer or a typo. Blockchain, in general, is a decentralized, immutable, and distributed ledger technology that allows multiple parties to have simultaneous access to a constantly updated digital ledger of transactions without the need for a central authority. It uses cryptography to secure and verify transactions, creating a transparent and tamper-proof system.
5 answers
CryptoBaroness
Sat Nov 09 2024
Destroying a public blockchain permanently is not a simple task.
Was this helpful?
76
93
Carlo
Sat Nov 09 2024
It requires undermining the trust that users place in the ledger state.
Was this helpful?
225
51
CryptoAlchemy
Sat Nov 09 2024
The ledger state, essentially a list of ownership, is a crucial component of any blockchain.
Was this helpful?
123
43
Enrico
Sat Nov 09 2024
The concept of security in a public blockchain can be likened to an onion.
Was this helpful?
73
31
Claudio
Sat Nov 09 2024
Each layer of this onion represents an additional layer of security.
Was this helpful?
250
42
