What is blockchain*Centralised, digital ledger of records called blocksDecentralised, distributed, digital ledger of records called blocksDigital database consisting of records called classNone of the above
Question
What is blockchain*Centralised, digital ledger of records called blocksDecentralised, distributed, digital ledger of records called blocksDigital database consisting of records called classNone of the above
Solution
The correct answer is: Decentralised, distributed, digital ledger of records called blocks.
Here's a step-by-step explanation:
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Blockchain is a type of database. It differs from a typical database in the way it stores information; blockchains store data in blocks that are then chained together.
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As new data comes in, it is entered into a fresh block. When the block is filled with data, it is chained onto the previous block, which makes the data chained together in chronological order.
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Different types of information can be stored on a blockchain but the most common use
Similar Questions
What is a blockchain?A.An automated contract that’s programmed to execute when the conditions are metB.A distributed public ledger that records transactionsC.A virtual-reality space in which users can interact with a computer-generated environment and other usersD.A supernatural occurrence
Slide 3: What is Blockchain?Define blockchainMention its decentralized and distributed natureEmphasize its security features
Blockchain technology is a data structure that makes it possible to create a digital ledger of transactions and share it among a distributed network of computers. Forward looking organizations believe blockchain technology will fundamentally change which HR practice areas?Reference and background checksPerformance ratingsCertification verificationQuestion 2Answera.Only 1b.Only 1, 2c.Only 2, 3d.1, 2, and 3
LO 7.5 Blockchain is a technology that ________.Choose one answer from the options below.A. is in the early stages of being developedB. was a failed attempt to change the way we do businessC. refers to an application developed strictly for the real estate businessD. involves the use of a single shared ledger between the many parties that may be involved in a transaction.
Which of the following statements about blockchain is not true?Group of answer choicesA blockchain system is composed of a distributed network of computers.A blockchain system is a transaction processing system.Cryptocurrencies are based on blockchain technology.A blockchain system is inherently centralized.
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