TECHNOLOGYS ETHICAL LEGAL PRIVACY ISSUES
IMPACT OF TECHNOLOGY ON PRIVACY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is a decentralised ledger of all transactions across a peer to peer network.
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It is partially a distributed ledger of some transactions across a peer to peer network overviewed by a central authority
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It is a distributed ledger of all transactions across a top down network.
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It is a technology that enabled the development of all kinds of apps which are overviewed by a centralised network
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Detailed explanation-1: -A blockchain platform is a shared digital ledger that allows users to record transactions and share information securely, tamper-resistant. A distributed network of computers maintains the register, and each transaction is verified by consensus among the network participants.
Detailed explanation-2: -A blockchain is a decentralized ledger of all transactions across a peer-to-peer network.
Detailed explanation-3: -A blockchain can be either centralized or decentralized. It is important, however, that decentralized not be confused with distributed. While a blockchain is inherently distributed (meaning that many parties hold copies of the ledger), it is not inherently decentralized.
Detailed explanation-4: -Correct Option 2). A blockchain is a digitally distributed, decentralized, public ledger that exists across a network. A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format.
Detailed explanation-5: -A blockchain is a type of distributed database or ledger-one of today’s top tech trends-which means the power to update a blockchain is distributed between the nodes, or participants, of a public or private computer network. This is known as distributed ledger technology, or DLT.