Cryptocurrency Q&A What is the function of chaincode?

What is the function of chaincode?

Stefano Stefano Mon Nov 25 2024 | 5 answers 794
I'm curious about the role of chaincode. Could someone explain to me what its function is within the context of blockchain technology? What is the function of chaincode?

5 answers

Riccardo Riccardo Wed Nov 27 2024
It can be invoked within a proposal transaction, enabling users to perform various operations on the blockchain.

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Giuseppe Giuseppe Wed Nov 27 2024
Permissions play a vital role in determining the scope of a chaincode's functionality.

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DigitalLord DigitalLord Wed Nov 27 2024
With the necessary permissions, a chaincode has the capability to invoke another chaincode.

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SeoulSerenitySeeker SeoulSerenitySeeker Wed Nov 27 2024
This interoperability extends to chaincodes located within the same channel, as well as those in different channels.

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Stefano Stefano Wed Nov 27 2024
A chaincode serves as a crucial component in the process of updating or querying the ledger.

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