The Fundamentals of Blockchain

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10 Questions

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

Consensus

What is the primary purpose of Blockchain?

Immutable Ledger of events

Which sector can benefit from Blockchain technology?

All of the above

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

Improved transparency

Is Blockchain just a hype and hyperbole?

No, it has practical applications

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.

How does Blockchain ensure consistency?

Blockchain ensures consistency by maintaining consensus among the distributed nodes in the network.

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.

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.

Is Blockchain just a hype and hyperbole?

No, Blockchain technology has practical applications beyond cryptocurrency and can provide significant benefits in various sectors.

Test your knowledge of Blockchain technology with this quiz! Learn about the basics of Blockchain, its use as an immutable ledger, and how it ensures data integrity through cryptographic links. Explore concepts like distributed consensus and replicated distributed systems. Challenge yourself and see how well you know the fundamentals of Blockchain.

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