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Given below are two statements: Statement I: A block-chain is a growing list of records, called blocks, which are linked using Cryptography.
Question



Given below are two statements:
Statement I: A block-chain is a growing list of records, called blocks, which are linked using Cryptography.
Statement II: Block-chains which are readable by the public are widely used by crypto currencies.
In the light of the above statements, choose the correct answer from the options given below:

A.

Both Statement I and Statement II are true

B.

Both Statement I and Statement II are false

C.

Statement I is true but Statement II is false

D.

Statement I is false but Statement II is true

Correct option is A


Statement I: True. A blockchain is a list of records (blocks) linked using cryptographic methods, ensuring secure and tamper-proof data storage.
Statement II: True. Public blockchains (e.g., Bitcoin, Ethereum) are widely used in cryptocurrencies.
Information Booster:
1. Features of Blockchain:
· Distributed ledger technology.
· Tamper-proof and transparent.
2. Applications of Blockchain:
· Cryptocurrencies (e.g., Bitcoin).
· Supply chain management, healthcare, and e-governance.
Additional Knowledge:
· Private vs. Public Blockchains:
· Public blockchains are accessible to anyone (e.g., Bitcoin).
· Private blockchains are restricted to authorized users.

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