The Fundamentals of Blockchain

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Download our mobile app to listen on the go

Get App

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 (A) Signup and view all the answers

Is Blockchain just a hype and hyperbole?

No, it has practical applications (C) 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

Flashcards are hidden until you start studying