Blockchain Quality Engineer

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Blockchain Quality Engineer Certification, Blockchain Quality Engineer Certification

Blockchain Lifecycle

Blockchain is a broad subject with a lot of aspects associated with it. That’s why it is very important for professionals pursuing any courses on blockchain to possess a solid understanding of the Blockchain lifecycle. Blockchain technology comprises all types of digital transactions. Every time a transaction is made it goes through various blocks that are part of the Blockchain transaction lifecycle. In simple words, transaction is the process of sending and receiving money. A Blockchain transaction is the same, only it is made digitally. The Blockchain lifecycle is all about the journey of a single transaction as it passes through multiple layers to join the Blockchain.

The major components of the Blockchain Lifecycle are – Transaction, Transaction Authentication, Block Creation, Block Validation, and Block Chaining. Let’s get a detailed understanding of the Blockchain lifecycle below:

Blockchain Lifecycle

Blockchain is a broad subject with a lot of aspects associated with it. That’s why it is very important for professionals pursuing any courses on blockchain to possess a solid understanding of the Blockchain lifecycle. Blockchain technology comprises all types of digital transactions. Every time a transaction is made it goes through various blocks that are part of the Blockchain transaction lifecycle. In simple words, transaction is the process of sending and receiving money. A Blockchain transaction is the same, only it is made digitally. The Blockchain lifecycle is all about the journey of a single transaction as it passes through multiple layers to join the Blockchain.

The major components of the Blockchain Lifecycle are – Transaction, Transaction Authentication, Block Creation, Block Validation, and Block Chaining. Let’s get a detailed understanding of the Blockchain lifecycle below: