which of the following describes a blockchain

Last Updated on September 23, 2022 by

What is Blockchain Technology? – IBM

What is Blockchain Technology? – IBM

Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.

Which one of the following describes a blockchain – Brainly.in

Which one of the following describes a blockchain – Brainly.in

Answer ; Blockchain is a ; distributed ledger, similar to a ; database, but instead of being ; controlled by a ; central authority (ie, a company …

Which one of the following describes a blockchain … – Brainly.in

Which one of the following describes a blockchain … – Brainly.in

Answer: A blockchain is a distributed digital ledger with data that is replicated and shared across a network. Explanation:.

What Is a Blockchain? How Does It Work? – Investopedia

What Is a Blockchain? How Does It Work? – Investopedia

A blockchain is a digitally distributed, decentralized, public ledger that exists across a network. It is most noteworthy in its use with cryptocurrencies …

Blockchain – Wikipedia

Blockchain – Wikipedia

A blockchain is a decentralized, distributed, and often public, digital ledger consisting of records called blocks that are used to record transactions across …

What is blockchain? | Euromoney Learning

What is blockchain? | Euromoney Learning

A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.

What Is Blockchain and How Does It Work? – Synopsys

What Is Blockchain and How Does It Work? – Synopsys

A blockchain is “a distributed database that maintains a continuously growing list of ordered records, called blocks.” These blocks “are linked using …

What Is Blockchain Technology? How Does It Work? – Built In

What Is Blockchain Technology? How Does It Work? – Built In

What Is Blockchain? Blockchain technology is a decentralized, distributed ledger that stores the record of ownership of digital assets. Any …

Which one of the following describes a blockchain

Which one of the following describes a blockchain

Answer:blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography. … The blockchain has been described …

blockchain Flashcards – Quizlet

blockchain Flashcards – Quizlet

Blockchain is really just a distributed, digital ledger which can be used for exchange, agreements & contracts, tracking and payment. true.

Which one of the following describes a blockchain?

Answer: A blockchain is a distributed digital ledger with data that is replicated and shared across a network.

Which of the following statements about blockchain is true?

Answer: The answer is Blockchain enables users to verify that data tampering has not occurred. Explanation: Blockchain is a machine of recording facts in a manner that makes it difficult or not possible to change, hack, or cheat the system.

Which statement describes data in a blockchain?

The first statement explains how data can be shared on a blockchain through public keys and private keys (which is how encryption works). The second statement explains that users are able to share their public keys with other people safely because it won't reveal their identity.

What is an example of blockchain?

Examples Of Blockchain Bitcoin and Ethereum are popular examples of blockchains. Everyone is allowed to connect to the blockchain and transact on them.

Which of the following best describes a public blockchain?

The blockchain has been described as "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way".

What is blockchain used for?

The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. In this way, a blockchain is the foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed.

Which characteristic of a blockchain network is also its protection Mcq?

The Security Architecture In The Blockchain Technology The blockchain records are protected through cryptography, where network users have their own private and secure keys.

What are the benefits of blockchain technology?

Five important blockchain benefits

  • Enhanced security. Your data is sensitive and crucial, and blockchain can significantly change how your critical information is viewed. …
  • Greater transparency. …
  • Instant traceability. …
  • Increased efficiency and speed. …
  • Automation.

What is a blockchain and how does it work?

A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.”

What is blockchain & How does it work?

A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.”

Is blockchain public or private?

In this type of blockchain anyone can read, write and participate in a blockchain. Hence, it is permissionless blockchain. It is public to everyone.

What are the 4 different types of blockchain technology?

There are 4 types of blockchain:

  • Public Blockchain.
  • Private Blockchain.
  • Hybrid Blockchain.
  • Consortium Blockchain.

Aug 2, 2022

Where is the blockchain?

Blockchain is decentralized and hence there is no central place for it to be stored. That's why it is stored in computers or systems all across the network. These systems or computers are known as nodes.

Which of the following are properties of blockchain?

The essential properties of a blockchain are:

  • Decentralized Systems.
  • Distributed ledger.
  • Safer & Secure Ecosystem.
  • Fast.
  • Low Transaction Fees.
  • Fault-Tolerant.
  • Minting.

Which is the characteristics of block chain technology?

Blockchain is a combination of three important technologies – cryptographic keys, a peer-to-peer network, and a digital ledger. The cryptographic keys are of two types – private key and public key. Each individual or node has both of these keys and they are used to create a digital signature.

What is the main purpose of blockchain?

The goal of blockchain is to allow digital information to be recorded and distributed, but not edited. In this way, a blockchain is the foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed.

What are the features of blockchain?

Let's have a look at the primary features of the blockchain technology:

  • Immutable. Immutability means that the blockchain is a permanent and unalterable network. …
  • Distributed. All network participants have a copy of the ledger for complete transparency. …
  • Decentralized. …
  • Secure. …
  • Consensus. …
  • Unanimous. …
  • Faster Settlement.

May 24, 2022

What is a blockchain quizlet?

Blockchain is an encrypted, distributed database shared across multiple computers or nodes that are part of a community or system. What makes it one of the most exciting technologies? Its ability to reduce the possibility of security breaches by even its own operators. You just studied 126 terms!

What are different types of blockchain?

Three types of blockchain

  • Public blockchain. A public, or permission-less, blockchain network is one where anyone can participate without restrictions. …
  • Permissioned or private blockchain. …
  • Federated or consortium blockchain.

What are types of blockchain?

Three types of blockchain

  • Public blockchain. A public, or permission-less, blockchain network is one where anyone can participate without restrictions. …
  • Permissioned or private blockchain. …
  • Federated or consortium blockchain.