Test Your Knowledge of Blockchain Technology!

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Questions and Answers

Qual è la funzione della crittografia nella blockchain?

  • Verificare le transazioni
  • Collegare i blocchi in modo sicuro
  • Validare nuove transazioni
  • Proteggere i dati salvati sulla blockchain (correct)

Quali sono le potenziali applicazioni della tecnologia blockchain?

  • Solo nel settore bancario
  • In diversi settori, tra cui la finanza, l'assicurazione peer-to-peer, l'IoT, e altro ancora (correct)
  • Solo nella certificazione di processi
  • Solo nella registrazione di proprietà immobiliari

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Study Notes

  • Blockchain is a data structure that consists of a growing list of records called blocks linked together securely using cryptography.
  • Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
  • Blockchain is a type of distributed ledger that does not require nodes to know each other's identity or trust each other.
  • Transactions on the blockchain are irreversible once recorded.
  • Blockchain offers security, reliability, transparency, and cost-effectiveness as an alternative to centralized databases.
  • The first blockchain was introduced in 2008 by Satoshi Nakamoto to serve as a ledger for Bitcoin transactions.
  • Blockchain is a decentralized system that uses ad hoc messaging and distributed networking to store data across its network.
  • The data saved on the blockchain is considered incorruptible.
  • Blocks in the blockchain consist of an header and a body, with transactions enclosed in the body and the header containing fields for managing the block.
  • Validating new transactions and adding them to the blockchain is done by nodes or miners in the decentralized system.
  • Nodes verify the blockchain, collect new transactions, and suggest the next block.
  • Hash functions are used to estimate the output, and the first node to solve the block transmits it to the network.
  • Blockchain can be open or private, with permissioned or permissionless access.
  • Blockchain has the potential to transform business models and improve global supply chains, financial transactions, and distributed social networks.
  • Blockchain can be used for notarization, certification, and automation of various processes.
  • Blockchain has applications in cryptocurrency, peer-to-peer insurance, banking, IoT, and more.
  • UBS and other banks are exploring blockchain technology to increase efficiency and reduce costs.
  • Blockchain can be used to register territories and protect intellectual property.
  • The Big Four accounting firms are testing blockchain technology.
  • Georgia is experimenting with a blockchain-based property registry.
  • Ernst & Young is actively leading the blockchain revolution with employees and clients.
  • Deloitte, PricewaterhouseCoopers, and KPMG are testing private blockchains.
  • Smart contracts based on blockchain can be programmed to execute agreements without human interaction.
  • Blockchain technology can be used for permanent, public, transparent ledgers for data compilation and copyright authentication.
  • The technology can also be used in the tourism industry for optimizing processes and speeding up transactional payments.
  • ABN AMRO is developing blockchain-based solutions for real estate and logistics.
  • Some governments are exploring blockchain-based solutions for their national currencies.
  • The first peer-reviewed journal dedicated to research on cryptocurrencies and blockchain is called Ledger.
  • The World Economic Forum predicts that by 2025, 10% of global GDP will be stored on blockchain or similar technologies.
  • Challenges include the lack of widespread use of smart contracts and the potential for security issues with blockchain technology.
  • Blockchain technology is complicated and requires specialized software developers to manage the structure.
  • Blockstream is a company founded in 2014 in Canada with a high number of Bitcoin Core developers.
  • The company raised $76 million in funding from venture capital in 2016.
  • Blockstream collaborates to separate the Bitcoin technology from its payment circuit by building an independent network.
  • The separation is ensured by the Lightning Network and a global network of satellite connections outside of the internet.
  • The Lightning Network is designed to make payment adoption possible in retail markets.
  • Blockstream launched the fifth and final geostationary satellite in 2018, completing a network that covers the entire planet except for Greenland and Antarctica.
  • The satellite network reduces the cost of connecting to the Bitcoin network and transaction costs, increasing geographic coverage and market penetration.
  • However, the satellite network is still one-way, and users need to connect to the Bitcoin network to send encrypted messages and regulate Lightning Network payments.
  • Users also need to invest in hardware, such as a dish, terminal, and USB device, which can be costly for developing countries with a digital divide.

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