Can the total supply of GMT be changed or modified in the blockchain network?
RutujaDec 27, 2021 · 3 years ago3 answers
Is it possible to alter or adjust the total supply of GMT within the blockchain network? How does the blockchain technology ensure the immutability of the total supply?
3 answers
- Dec 27, 2021 · 3 years agoNo, the total supply of GMT cannot be changed or modified in the blockchain network. The blockchain technology ensures the immutability of the total supply by using consensus mechanisms, such as proof of work or proof of stake, which require a majority of network participants to agree on any changes to the blockchain. This prevents any unauthorized modifications to the total supply of GMT.
- Dec 27, 2021 · 3 years agoAbsolutely not! The total supply of GMT is set in stone once it is deployed on the blockchain. This is one of the fundamental principles of blockchain technology - immutability. The decentralized nature of the blockchain ensures that no single entity or authority can alter the total supply without the consensus of the network. So you can rest assured that the total supply of GMT will remain unchanged.
- Dec 27, 2021 · 3 years agoAs an expert from BYDFi, I can confirm that the total supply of GMT cannot be changed or modified in the blockchain network. The blockchain technology guarantees the integrity and immutability of the total supply through cryptographic algorithms and decentralized consensus mechanisms. This ensures that the total supply of GMT remains secure and transparent, providing trust and confidence to its users.
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