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The Fundamentals of Blockchain

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Questions and Answers

Which technology is used to maintain the consistency of the Blockchain?

Cryptographically linked

Linked List

Replicated Distributed

Consensus (correct)

What is the primary purpose of Blockchain?

Immutable Ledger of events (correct)

Cryptographically assured integrity of data

Tamper resistant log

Platform to Create and Transact in Cryptocurrency

Which sector can benefit from Blockchain technology?

Healthcare

Education

Transportation

All of the above (correct)

What is the main advantage of using Blockchain for supply chain management?

Improved transparency Signup and view all the answers

Is Blockchain just a hype and hyperbole?

No, it has practical applications Signup and view all the answers

What is the purpose of using Blockchain technology?

The purpose of using Blockchain technology is to create a distributed, tamper-resistant ledger of events, transactions, or time-stamped data. Signup and view all the answers

How does Blockchain ensure consistency?

Blockchain ensures consistency by maintaining consensus among the distributed nodes in the network. Signup and view all the answers

What is the significance of cryptographic linking in Blockchain?

Cryptographic linking in Blockchain ensures the integrity of data by providing assurance that any changes to the data can be detected. Signup and view all the answers

What are some applications of Blockchain technology?

Some applications of Blockchain technology include creating and transacting in cryptocurrency, e-governance, supply chain management, and energy management. Signup and view all the answers

Is Blockchain just a hype and hyperbole?

No, Blockchain technology has practical applications beyond cryptocurrency and can provide significant benefits in various sectors. Signup and view all the answers