Cryptocurrency Q&A
What is a ghost blockchain?
What is a ghost blockchain?
Rosalia
Wed Dec 18 2024
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5 answers
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A ghost blockchain refers to a concept in blockchain technology that involves the GHOST protocol, which stands for Greedy Heaviest Observed Subtree. This protocol was designed to improve block confirmation speed and network security in blockchain networks, initially proposed to address specific issues in the Bitcoin network but later adopted and modified by other blockchain technologies like Ethereum. It considers not only the longest chain but also the “heaviest” chain, incorporating information from orphan blocks to optimize network performance and security.
5 answers
Bianca
Thu Dec 19 2024
By leveraging this mechanism, blockchain networks like Ethereum can process transactions more swiftly.
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KatanaSharpness
Thu Dec 19 2024
Additionally, the GHOST Protocol aims to bolster the security of these networks, ensuring they remain resilient against potential attacks.
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mia_harrison_painter
Thu Dec 19 2024
The GHOST Protocol stands as a novel consensus mechanism tailored to enhance blockchain networks.
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SeoulSerenitySeekerPeaceLover
Thu Dec 19 2024
It is named after the Greedy Heaviest Observed Subtree algorithm, which plays a crucial role in its functionality.
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Elena
Thu Dec 19 2024
The primary objective of the GHOST Protocol is to improve the efficiency of blockchain operations.
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