What is the process of verifying NEO transactions?

3 answers

• Dec 24, 2021 · 3 years ago
  Verifying transactions on the NEO blockchain involves several steps. First, the transaction data is broadcasted to the network. Then, the nodes on the network validate the transaction by checking its digital signature and ensuring that the sender has enough funds. Once the transaction is validated, it is added to a block and added to the blockchain. This process is known as consensus, and it ensures that all transactions on the NEO network are secure and trustworthy.
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• Dec 24, 2021 · 3 years ago
  When a transaction is made on the NEO blockchain, it needs to be verified by the network. This verification process involves multiple nodes working together to validate the transaction. Each node checks the transaction's digital signature and confirms that the sender has sufficient funds. Once the transaction is verified, it is added to a block and added to the blockchain. This decentralized verification process ensures the integrity and security of NEO transactions.
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• Dec 24, 2021 · 3 years ago
  Verifying NEO transactions is an important part of maintaining the integrity of the blockchain. When a transaction is initiated, it is broadcasted to the network and picked up by multiple nodes. These nodes then validate the transaction by checking its digital signature and confirming that the sender has enough funds. Once the transaction is verified, it is added to a block and added to the blockchain. This process is crucial for preventing double-spending and ensuring the security of the NEO network.
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