APPLICATION LAYER
PEER TO PEER PARADIGM
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What’s the purpose of the Bitcoin network?
|
|
p2p money transfer
|
|
|
p2p private communication
|
|
|
p2p Skype calling
|
|
|
p2p cryptokitties
|
Explanation:
Detailed explanation-1: -Peer-to-peer (P2P) cryptocurrency exchanges are essentially platforms where users may trade digital currency directly with one another. A P2P exchange gives traders the freedom to choose the other traders they want to trade with, unlike centralized or decentralized exchanges.
Detailed explanation-2: -Bitcoin transactions are messages, like email, which are digitally signed using cryptography and sent to the entire Bitcoin network for verification. Transaction information is public and can be found on the digital ledger known as the ‘blockchain.
There is 1 question to complete.