What is a blockchain?

What is a blockchain?

a) A centralized server
b) A distributed ledger of transactions
c) A form of data encryption
d) A new type of cloud storage

Answer:

b) A distributed ledger of transactions

Explanation:

A blockchain is a distributed ledger that records transactions across many computers so that the record cannot be altered retroactively.

Reference:

Cryptocurrency Quiz – MCQ Questions and Answers

Scroll to Top