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What does a ledger in Blockchain does?
- a)Mapping between owner and object
- b)Identification of objects owned
- c)Identification of owners
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What does a ledger in Blockchain does?a)Mapping between owner and obje...
Blockchain is a decentralized digital ledger that records transactions in a secure and transparent manner. A ledger is an essential component of the Blockchain system, and it serves several functions, including:
Mapping between owner and object:
The ledger serves as a mapping between the owner and the objects they own. In the context of Blockchain, an object can be anything of value that can be represented digitally, such as a cryptocurrency, digital asset, or smart contract. The ledger maintains a record of the ownership of each object, which is stored in a block, and the blocks are linked together in a chain, forming the Blockchain.
Identification of objects owned:
The ledger also enables the identification of objects owned. Each object in the Blockchain has a unique identifier, which is stored in the ledger. This identifier is used to track the ownership of the object and the transactions that have occurred involving the object.
Identification of owners:
The ledger also enables the identification of owners. Each owner in the Blockchain has a unique identifier, which is used to track their ownership of objects and the transactions that they have initiated or received.
Conclusion:
In summary, the ledger in Blockchain serves as a mapping between the owner and object, enables the identification of objects owned, and identification of owners. It is a critical component of the Blockchain system, which ensures the transparency, security, and immutability of transactions.
Mapping between owner and object:
The ledger serves as a mapping between the owner and the objects they own. In the context of Blockchain, an object can be anything of value that can be represented digitally, such as a cryptocurrency, digital asset, or smart contract. The ledger maintains a record of the ownership of each object, which is stored in a block, and the blocks are linked together in a chain, forming the Blockchain.
Identification of objects owned:
The ledger also enables the identification of objects owned. Each object in the Blockchain has a unique identifier, which is stored in the ledger. This identifier is used to track the ownership of the object and the transactions that have occurred involving the object.
Identification of owners:
The ledger also enables the identification of owners. Each owner in the Blockchain has a unique identifier, which is used to track their ownership of objects and the transactions that they have initiated or received.
Conclusion:
In summary, the ledger in Blockchain serves as a mapping between the owner and object, enables the identification of objects owned, and identification of owners. It is a critical component of the Blockchain system, which ensures the transparency, security, and immutability of transactions.
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What does a ledger in Blockchain does?a)Mapping between owner and obje...
Mapping between owner and object
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What does a ledger in Blockchain does?a)Mapping between owner and objectb)Identification of objects ownedc)Identification of ownersd)None of theseCorrect answer is option 'A'. Can you explain this answer? for IT & Software 2025 is part of IT & Software preparation. The Question and answers have been prepared according to the IT & Software exam syllabus. Information about What does a ledger in Blockchain does?a)Mapping between owner and objectb)Identification of objects ownedc)Identification of ownersd)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for IT & Software 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does a ledger in Blockchain does?a)Mapping between owner and objectb)Identification of objects ownedc)Identification of ownersd)None of theseCorrect answer is option 'A'. Can you explain this answer?.
What does a ledger in Blockchain does?a)Mapping between owner and objectb)Identification of objects ownedc)Identification of ownersd)None of theseCorrect answer is option 'A'. Can you explain this answer? for IT & Software 2025 is part of IT & Software preparation. The Question and answers have been prepared according to the IT & Software exam syllabus. Information about What does a ledger in Blockchain does?a)Mapping between owner and objectb)Identification of objects ownedc)Identification of ownersd)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for IT & Software 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does a ledger in Blockchain does?a)Mapping between owner and objectb)Identification of objects ownedc)Identification of ownersd)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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