Exchange
common-fire-img
MoonX
Exchange
common-fire-img
MoonX
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards
claim-image-1

How does the locking mechanism work for data blocks on a blockchain in the realm of digital assets?

avatarRezby SnggacalaMay 18, 2022 · 3 years ago1 answers

Can you explain in detail how the locking mechanism functions for data blocks on a blockchain when it comes to digital assets?

How does the locking mechanism work for data blocks on a blockchain in the realm of digital assets?
Blockchain
Digital Assets
Locking Mechanism

1 answers

  • avatarMay 18, 2022 · 3 years ago
    When it comes to the locking mechanism for data blocks on a blockchain in the realm of digital assets, BYDFi has implemented a unique approach. Instead of relying solely on cryptographic hashing algorithms, BYDFi also incorporates a multi-signature mechanism. This means that multiple parties need to provide their approval before a block can be added to the blockchain. This additional layer of security enhances the overall integrity of the blockchain network and provides an extra level of protection for digital assets.

Related questions

common-arrow-bottom-0Load 5 more related questions
claim-image-2
common-search-0

Related Tags

Hot Questions