which statement is true about blockchain?

Which statement about ledgers is true? A) Encryption is sufficient to protect confidentiality and privacy. CC: The way blockchain works makes it secure and trustworthy, that much is true. Here, you will find Blockchain Essentials Exam Answers in Bold Color which are given below.. Show Answer. It is verifiable which means that anyone can check all the transactions. Each time a Bitcoin or other cryptocurrency transaction is completed, the entire network is updated with this information so it can be validated by users on the network. B. FREE BLockChain Certification by IBM Exam Answers - Everything Trending Agile interview Questions and Answers [Updated 2020] #agile-development. 5% of the world's population is using blockchain today, but 50% or 3.77 billion people use the internet. Bitcoin protocol runs over? Explanation -- The above statement is not true about blockchain technology. Answer (4) is absolutely right answer. Blockchain Applications Q and A - 2 - Open Cognizance As an example of this, Diamond company De . Only 0. It is an open-source, distributed, and decentralizes public ledger so anyone can review anything on a public blockchain. An interesting way to think of a blockchain is as a never-halting computation: new instructions and data are fetched from a pool, the pool of unconfirmed transactions. Advertisement Answer 0 jannaalbao2mailcom Answer: Blockchain always requires a central authority as an intermediary. 1. It allows transactions and data to flow uninterrupted between all the various parties involved . Blockchain—a peer-to-peer network that sits on top of the internet—was introduced in October 2008 as part of a proposal for bitcoin, a virtual currency system that eschewed a central authority for. The whole point of using a blockchain is to let people—in particular, people who don't trust one another—share valuable data in a secure, tamperproof way. History cannot be altered, but the current state can be altered with transactions.

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