Question 1

What is E-commerce Blockchain?

Accepted Answer

The E-commerce store has a large volume of customer, inventory and transaction data. These data require proper storage & management for effective results. Blockchain technology address this situation by combining transactions in the form of block and connecting every block in the form of a chain. Every block is saved on a separate computer thus making it secure, scalable & reliable. If you run a Magento 2 E-commerce Store try to integrate it with Blockchain technology for quality results.

Question 2

How are Blockchain transactions verified?

Accepted Answer

Blockchain transactions have a proper process of verification. Each node in the Blockchain has a complete history of transactions. When a node knows about a new transaction, it performs multiple checks to make sure that the transaction is genuine. The first check is the signature validation if it is not valid the transaction is denied. It is quite impossible to forge the authenticity, as the transaction validation happens on every node. If you are new to Blockchain technology integration, simply Hire Magento Developer having proper skills & experience for the integration work.

Question 3

What exactly is Blockchain?

Accepted Answer

A Blockchain is a distributed and digital ledger that is used to record transactions in the form of blocks. All these blocks are interconnected in the form of a chain and stored on multiple computers to ensure proper security is maintained. The information is distributed and can’t be copied in any scenario. Apart from its usage in financial, & health institutions, it is in high demand among the E-commerce industry.

Question 4

How safe is Blockchain?

Accepted Answer

A Blockchain is a safe form of transaction and experts consider it innately secure. Blockchain includes private keys that highly-secure as they are considerably longer. It is in this way that blockchain offers a higher level of protection to a user as it removes the weak and easily breakable passwords and online identities.

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