COMPUTER NETWORKING

NETWORK SECURITY

DIGITAL SIGNATURE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Bitcoin is based on ____ blockchain?

A	Private
B	Public
C	Public Permissioned
D	Permissioned

Explanation:

Detailed explanation-1: -The first type of blockchain technology is public blockchain. This is where cryptocurrency like Bitcoin originated and helped to popularize distributed ledger technology (DLT). It removes the problems that come with centralization, including less security and transparency.

Detailed explanation-2: -Public blockchain is decentralized, with no organization or individual in control of it, and its users can remain anonymous. Cryptocurrencies and NFTs are among its most popular use cases, said Blockchain experts.

Detailed explanation-3: -All Bitcoin transactions are public, traceable, and permanently stored in the Bitcoin network. Bitcoin addresses are the only information used to define where bitcoins are allocated and where they are sent. These addresses are created privately by each user’s wallets.

There is 1 question to complete.