Digital Financial Tools and Applications Question Answer

What is blockchain


What is blockchain?

ब्लॉकचेन क्या है?
Topic : Digital Financial Tools and Applications

A. A type of cryptocurrency - एक प्रकार की क्रिप्टोकरंसी

B. A distributed ledger on a peer to peer network - पीयर टू पीयर नेटवर्क पर एक वितरित लेज़र

C. A centralized ledger - एक केंद्रीकृत लेज़र

D. A Currency - एक मुद्रा




Correct Answer

B. A distributed ledger on a peer to peer network - पीयर टू पीयर नेटवर्क पर एक वितरित लेज़र


Explanation :

Blockchain is a type of distributed ledger technology that operates on a peer-to-peer network. In a blockchain network, multiple participants (nodes) are connected to each other, and each node has a copy of the entire ledger. This distributed nature of the ledger ensures that no single entity or central authority has control over the entire system.



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