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Interview Questions

What are the privacy challenges associated with using blockchain in financial transactions?

Blockchain for financial transactions presents several privacy challenges due to its inherent design principles. Here's a detailed breakdown: 1. Pseudonymity, not Anonymity: Blockchain transactions are often touted as anonymous, but they are more accurately described as pseudonymous. While transactions are recorded using cryptographic addresses rather than real-world identities,

By Gaganpreet Singh

Interview Questions

What are the challenges of implementing blockchain security in IoT devices?

Implementing blockchain security in IoT devices presents several technical challenges: 1. Resource Constraints: IoT devices often have limited computational power, memory, and energy resources. Blockchain operations, especially consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS), can be computationally intensive and energy-consuming, which may not be feasible

By Gaganpreet Singh

Interview Questions

Describe the role of blockchain forensic analysis in investigating fraudulent activities.

Blockchain forensic analysis plays a crucial role in investigating fraudulent activities within blockchain networks. Here's a detailed technical explanation of how it works: 1. Understanding Blockchain Technology: Blockchain is a distributed ledger technology where transactions are recorded in blocks that are linked together in a chronological chain. Each

By Gaganpreet Singh