UPSC Exam  >  UPSC Questions  >  There is some concern regarding the applicati... Start Learning for Free
There is some concern regarding the application of blockchain technology in any sort of transactions. Which of the following is/ are the concerns associated with this technology?




  1.  Not a Distributed Computing System



  2. Data is Immutable



  3. Blockchains are Sometimes Inefficient



  4. Poor speed constraining large scale applications




Select the correct answer using the code given below.

  • a)
    3 and 4 only

  • b)
    2 only

  • c)
    1, 2 and 4 only

  • d)
    All of the above

Correct answer is option 'B'. Can you explain this answer?
Verified Answer
There is some concern regarding the application of blockchain technolo...
The World Economic Forum (WEF) released the Inclusive Development Index. This Inclusive Development Index has been developed as a new metric of national economic performance as an alternative to GDP. Designed as an alternative to GDP, the Inclusive Development Index (IDI) reflects more closely the criteria by which people evaluate their countries’ economic progress.
View all questions of this test
Explore Courses for UPSC exam

Top Courses for UPSC

There is some concern regarding the application of blockchain technology in any sort of transactions. Which of the following is/ are the concerns associated with this technology? Not a Distributed Computing System Data is Immutable Blockchains are Sometimes Inefficient Poor speed constraining large scale applications Select the correct answer using the code given below.a)3 and 4 onlyb)2 onlyc)1, 2 and 4 onlyd)All of the aboveCorrect answer is option 'B'. Can you explain this answer?
Question Description
There is some concern regarding the application of blockchain technology in any sort of transactions. Which of the following is/ are the concerns associated with this technology? Not a Distributed Computing System Data is Immutable Blockchains are Sometimes Inefficient Poor speed constraining large scale applications Select the correct answer using the code given below.a)3 and 4 onlyb)2 onlyc)1, 2 and 4 onlyd)All of the aboveCorrect answer is option 'B'. 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 There is some concern regarding the application of blockchain technology in any sort of transactions. Which of the following is/ are the concerns associated with this technology? Not a Distributed Computing System Data is Immutable Blockchains are Sometimes Inefficient Poor speed constraining large scale applications Select the correct answer using the code given below.a)3 and 4 onlyb)2 onlyc)1, 2 and 4 onlyd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for There is some concern regarding the application of blockchain technology in any sort of transactions. Which of the following is/ are the concerns associated with this technology? Not a Distributed Computing System Data is Immutable Blockchains are Sometimes Inefficient Poor speed constraining large scale applications Select the correct answer using the code given below.a)3 and 4 onlyb)2 onlyc)1, 2 and 4 onlyd)All of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Solutions for There is some concern regarding the application of blockchain technology in any sort of transactions. Which of the following is/ are the concerns associated with this technology? Not a Distributed Computing System Data is Immutable Blockchains are Sometimes Inefficient Poor speed constraining large scale applications Select the correct answer using the code given below.a)3 and 4 onlyb)2 onlyc)1, 2 and 4 onlyd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of There is some concern regarding the application of blockchain technology in any sort of transactions. Which of the following is/ are the concerns associated with this technology? Not a Distributed Computing System Data is Immutable Blockchains are Sometimes Inefficient Poor speed constraining large scale applications Select the correct answer using the code given below.a)3 and 4 onlyb)2 onlyc)1, 2 and 4 onlyd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of There is some concern regarding the application of blockchain technology in any sort of transactions. Which of the following is/ are the concerns associated with this technology? Not a Distributed Computing System Data is Immutable Blockchains are Sometimes Inefficient Poor speed constraining large scale applications Select the correct answer using the code given below.a)3 and 4 onlyb)2 onlyc)1, 2 and 4 onlyd)All of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for There is some concern regarding the application of blockchain technology in any sort of transactions. Which of the following is/ are the concerns associated with this technology? Not a Distributed Computing System Data is Immutable Blockchains are Sometimes Inefficient Poor speed constraining large scale applications Select the correct answer using the code given below.a)3 and 4 onlyb)2 onlyc)1, 2 and 4 onlyd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of There is some concern regarding the application of blockchain technology in any sort of transactions. Which of the following is/ are the concerns associated with this technology? Not a Distributed Computing System Data is Immutable Blockchains are Sometimes Inefficient Poor speed constraining large scale applications Select the correct answer using the code given below.a)3 and 4 onlyb)2 onlyc)1, 2 and 4 onlyd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice There is some concern regarding the application of blockchain technology in any sort of transactions. Which of the following is/ are the concerns associated with this technology? Not a Distributed Computing System Data is Immutable Blockchains are Sometimes Inefficient Poor speed constraining large scale applications Select the correct answer using the code given below.a)3 and 4 onlyb)2 onlyc)1, 2 and 4 onlyd)All of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev