10 Questions
What is the primary purpose of blockchain technology?
To facilitate secure transfer of digital assets without intermediaries
What is the relationship between blockchain and Bitcoin?
Blockchain is the underlying technology, and Bitcoin is a digital token built on it
Which of the following statements about blockchain is true?
It is a shared and immutable ledger where all parties are accountable
What is the purpose of the Genesis block in a blockchain?
It is the first block in the chain and serves as the foundation
Which of the following statements about blockchain blocks is false?
Blocks can be easily altered or modified without detection
What is the primary advantage of using blockchain technology for transactions?
It eliminates the need for intermediaries and ensures transparency
Which of the following is not a typical component of a blockchain block?
Encryption keys
What is the primary reason for the immutability of blockchain data?
The cryptographic linking of blocks in the chain
Which of the following statements about blockchain is false?
It requires a central authority to manage the network
What is the primary advantage of using blockchain for digital contracts?
It eliminates the need for legal intermediaries
Learn about blockchain, a secure and decentralized system that timestamps digital documents to prevent tampering. Discover how it is used to facilitate secure transfers without intermediaries like banks or governments. Explore the concept of immutable data blocks managed by a network of nodes.
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