Blockchain Basics

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PleasantWisdom
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Which of the following best describes a blockchain?

A decentralized and distributed digital ledger that records transactions

What links the blocks in a blockchain?

Hash of the previous block

What kind of asset can be recorded in a blockchain?

Both tangible and intangible assets

What happens when a transaction occurs in a blockchain?

It is recorded as a block of data

What is required to alter a record in a blockchain retroactively?

Consensus of the network

Test your knowledge about blockchain with this quiz! Learn about the fundamentals of blockchain technology, including its decentralized nature, the use of cryptography, and its role in maintaining a secure and transparent digital ledger.

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