What is Ethereum?A decentralized blockchain platformA type of computer processorA type of encryption algorithmA centralized payment system

Ethereum is a Permissionless Blockchain and Smart Contract Technology

Which e-commerce payment system utilizes blockchain technology for secure and decentralized transactions?Group of answer choicesBitcoinMobile MoneyGoogle PayPayPal

Bitcoin is the asset that gave birth to the adoption of many other cryptocurrencies. It was created largely as analternative payment system that would operate outside of central banking control. It was launched in 2008 whenconfidence in financial markets was very low, and its continued (albeit volatile) rising long-term price trend has beensupported by continued debasement of fiat currencies.Bitcoin is based on the decentralized, open-source protocol of the peer-to-peer Bitcoin computer network. Thenetwork creates a decentralized public transaction ledger, called the blockchain, on which all Bitcoin transactionsare recorded. Movement of bitcoin is facilitated by a digital, transparent, and immutable ledger that enables therapid transfer of value across the internet, without the need for centralized intermediaries.The Bitcoin concept can be separated into two components:Bitcoin the token Bitcoin the token is a piece of code that represents ownership of a digital concept(a bitcoin) with financial value. Investors may invest in and own the bitcoin, eitherdirectly or indirectly, through an investment vehicle.Bitcoin the protocol Bitcoin the protocol is the distributed network, or blockchain, that maintains theledger of balances of bitcoin the token

Your board has tasked you with exploring blockchain technology for secure transactions and potentially integrating cryptocurrencies into your firm's payment systems. You must suggest an encryption algorithm that underpins the security and integrity of blockchain technology and digital currencies, is utilized in the process of mining and transaction verification, ensures the security and integrity of transactions on the blockchain, and is key to creating a secure and decentralized ledger of transactions. Which cryptographic concept is fundamental to the functioning of blockchain and cryptocurrencies?Symmetric EncryptionAsymmetric EncryptionHash FunctionsHomomorphic Encryption

Explain Ethereum Network.