Question
Science & TechnologyComputing, AI and Digital TechnologiesBlockchain and Distributed Ledger TechnologiesMedium (editorial estimate)
Question details
Type:
Statement based
Skill:
Fact recall
Tags:
blockchain ledger · Blockchain and Distributed Ledger Technologies

Classification and difficulty are editorial labels. Explanations are awaiting review.

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With reference to "Blockchain Technology", consider the following statements: 1. It is a public ledger that everyone can inspect, but which no single user controls. 2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only. 3. Applications that depend on basic features of blockchain can be developed without anybody's permission. Which of the statements given above is/are correct?

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Question 40 · Blockchain and Distributed Ledger Technologies · Science & Technology · UPSC Prelims 2020 (GS)

Topics and years

2020 · GS · Question 40