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What is blockchain?
What is blockchain?
- A technology that permits transactions to be recorded permanently. (correct)
- A technology that allows for anonymous transactions.
- A technology that remove intermediaries and create trust through the algorithm.
- A technology that cryptographically secure the system and chains data in chronological order.
Who introduced blockchain in the white paper for Bitcoin?
Who introduced blockchain in the white paper for Bitcoin?
- Hal Finney
- Vitalik Buterin
- Satoshi Nakamoto (correct)
- Charlie Lee
What are some problems with the current banking system mentioned in the text?
What are some problems with the current banking system mentioned in the text?
- Account Hacking
- Internet Frauds
- High Transaction Costs
- All of the above (correct)
What is the purpose of blockchain technology?
What is the purpose of blockchain technology?
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How is blockchain technology described in the text?
How is blockchain technology described in the text?
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