Podcast
Questions and Answers
Which of the following best describes a blockchain?
Which of the following best describes a blockchain?
- A centralized ledger with growing lists of records
- A distributed ledger with growing lists of records (correct)
- A ledger with decreasing lists of records
- A decentralized ledger with static lists of records
What information is contained in each block of a blockchain?
What information is contained in each block of a blockchain?
- Cryptographic hash of the next block
- Consensus algorithm protocol
- Merkle tree structure (correct)
- Timestamp and transaction data
Why are blockchain transactions considered irreversible?
Why are blockchain transactions considered irreversible?
- The data in any given block is encrypted and cannot be accessed
- The data in any given block can be easily altered retroactively
- The data in any given block cannot be altered retroactively without altering all subsequent blocks (correct)
- The data in any given block is stored in a centralized location
How are blockchains typically managed?
How are blockchains typically managed?
What happens when a blockchain fork occurs?
What happens when a blockchain fork occurs?
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