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With reference to “Blockchain Technology”, consider the following statements:
1. It is a public ledger that everyone can inspect. But which no single user controls.
2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.
3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.
2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.
3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.
Which of the statements given above is/are correct?
- a)1 only
- b)1 and 2 only
- c)2 only
- d)1 and 3 only
Correct answer is option 'D'. Can you explain this answer?
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With reference to “Blockchain Technology”, consider the fo...
Blockchain Technology:
Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a ‘digital ledger.’
Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain,” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a ‘digital ledger.’
In simpler words, the digital ledger is like a Google spreadsheet shared among numerous computers in a network, in which, the transactional records are stored based on actual purchases.
The fascinating angle is that anybody can see the data, but they can’t corrupt it. 1 is correct.
Blockchain can be used for many purposes like Secure sharing of medical data, Music royalties tracking. 2 is incorrect. It is an extreme statement also.
Applications that depend on basic features of the blockchain can thus be developed without asking anybody for permission or paying anyone. 3 is correct.
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With reference to “Blockchain Technology”, consider the fo...
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With reference to “Blockchain Technology”, consider the following statements:1. It is a public ledger that everyone can inspect. But which no single user controls.2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?
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With reference to “Blockchain Technology”, consider the following statements:1. It is a public ledger that everyone can inspect. But which no single user controls.2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to “Blockchain Technology”, consider the following statements:1. It is a public ledger that everyone can inspect. But which no single user controls.2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to “Blockchain Technology”, consider the following statements:1. It is a public ledger that everyone can inspect. But which no single user controls.2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?.
With reference to “Blockchain Technology”, consider the following statements:1. It is a public ledger that everyone can inspect. But which no single user controls.2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to “Blockchain Technology”, consider the following statements:1. It is a public ledger that everyone can inspect. But which no single user controls.2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to “Blockchain Technology”, consider the following statements:1. It is a public ledger that everyone can inspect. But which no single user controls.2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?.
Solutions for With reference to “Blockchain Technology”, consider the following statements:1. It is a public ledger that everyone can inspect. But which no single user controls.2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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With reference to “Blockchain Technology”, consider the following statements:1. It is a public ledger that everyone can inspect. But which no single user controls.2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for With reference to “Blockchain Technology”, consider the following statements:1. It is a public ledger that everyone can inspect. But which no single user controls.2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of With reference to “Blockchain Technology”, consider the following statements:1. It is a public ledger that everyone can inspect. But which no single user controls.2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.3. Applications that depend on basic features of blockchain can be developed without anybody’s permission.Which of the statements given above is/are correct?a)1 onlyb)1 and 2 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
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