The Blockchain ledger is commonly referred to as___________.
a database ledger
a triple-entry ledger
a double-entry ledger
a genesis block
Blockchain is always a better alternative to a standard database.
True
False
References:
Who governs a Blockchain?
The users
The architects
The creator of the Blockchain
The developers
Blockchain transaction code categorizes the data put into blocks.
The cryptocurrency Bitcoin is__________.
another application that runs on a Blockchain
the same as all other cryptocurrencies
replacing bartering in many parts of the world
a replacement currency for the U.S. dollar
The Corda distributed ledger is designed for _______________.
Any business transactions
International shipping
The transportation industry
Financial transactions
Which of these applications would be suited for a private Blockchain?
financial transactions
manufacturing supply chain
medical records
food traceability
All of the above
What does immutable mean?
Fault tolerant
Unable to be changed
Highly secure
None of the above
Why is a private Blockchain used instead of a public one?
To limit user access and permissions
It is less expensive to develop
It requires less mining power than a public Blockchain
It requires fewer administrators to manage it
TESTED 05 May 2024
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