Blockchain questions and answers MCQ
Blockchain questions and answers MCQDecentralized blockchains are immutable? A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using? Who first proposed a blockchain-like protocol? The first blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in? Blocks hold batches of valid transactions that are hashed and encoded into a? Which of the following statement is true about blockchain? Â TheÂ block timeÂ is the average time it takes for the network to generate one extra block in the blockchain. Blockchain is a peer-to-peer distributed ledger technology that makes the records of any digital asset transparent and unchangeable. Blockchain networks are much and deal with no real single point of failure. Bitcoin is a cryptocurrency, which is an application of Blockchain. Blockchain can perform user transactions without involving any third-party intermediaries. What does P2P stand for? Blockchain has versions. Who introduced the digital online cryptocurrency known as Bitcoin? A blockchain enables peer-to-peer transfer of digital currency without any intermediaries such as banks. What does a block in a Blockchain have? What does UTXO stand for? Does a transaction generate new UTXOs for transferring the amount specified in the input UTXOS? Transaction 0 in every block of the bitcoin blockchain . What is the genesis block? hosts the software needed for transaction initiation, validation, mining, block creation, and smart contract execution. receive verify, gather and execute transactions. What is Blockchain? Bitcoin is based on blockchain. BATM stands for .