What type of transaction cannot be stored in blocks on a blockchain?
Sunday, February 05, 2023
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Question: What type of transaction cannot be stored in blocks on a blockchain?
Transactions that require the personal interaction of two parties (such as a real estate sale) cannot be stored on a blockchain, as the blockchain is not able to capture the relational nature of the transaction. It is not possible for it to verify that both parties are legally bound to the terms of the agreement or handle any other personal details like signatures or physical exchanges.
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