QUESTION 11 OF 26

Can you break down the blockchain architecture into its core components?

This is a different version of a question asking you to describe a blockchain's characteristics. Questions like this are known as technical questions because they ask about specific items related to the job you are interviewing for. When responding to technical questions, keep your answers brief and to the point and anticipate that the interviewer will ask a follow-up question if they have a strong interest in this topic.

"A blockchain's core components start with a node, which is the user and a computer system at the edge of the Blockchain. The next component is a transaction. Transactions are the smallest component of the Blockchain. A block within the Blockchain is a ledger that is used to store information about individual transactions. Blocks are distributed across the blockchain network and maintained by each node or user. The chain is just a sequence of blocks within the Blockchain. The next component is the Miners. These are specific nodes that verify transactions before they are added to the blockchain structure. The final component of a blockchain is the consensus protocol. This determines the rules used to carry out each blockchain operation."

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Blockchain Mock Interview

Can you break down the blockchain architecture into its core components?

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26 Blockchain Interview Questions & Answers