which statement is true about blockchain?

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C. Blockchain always requires a central authority as an intermediary. Cryptocurrencies are based on blockchain technology. [39] Transactions are broadcast to the network using the software. Amazon offered more books for sale than any bookshop. Although most of blockchain implementation are decentralized and distributed, Oracle launched a centralized blockchain table feature in Oracle 21c database. Q : Only continent in the world without a desert is. ", "How Bitcoin's vast energy use could burst its bubble. A custodial wallet could be considered the default option for crypto storage. Bitcoin and other cryptocurrencies currently secure their blockchain by requiring new entries to include proof of work. A blockchain is a decentralized, distrib uted, and oftentimes public, digital ledger consisting of records called blocks A blockchain database is managed autonomously using a peer-to-peer network and a distributed timestamping server A blockchain has been described as a value- exchange protocol. But "no viable smart contract systems have yet emerged." Satoshi Nakamoto Hal Finney Nick . Many organizations have no master ledger of all their activities; instead records are distributed across internal units and functions. The bitcoin design has inspired other applications[3][2] and blockchains that are readable by the public and are widely used by cryptocurrencies. By George Lawton Published: 01 Dec 2022 To Find - Which statement is true about blockchain? See Answer. In this article the authors describe the path that blockchain is likely to follow and explain how firms should think about investments in it. Our framework can help companies identify the right opportunities. [161], In October 2014, the MIT Bitcoin Club, with funding from MIT alumni, provided undergraduate students at the Massachusetts Institute of Technology access to $100 of bitcoin. Their roles would all radically change. (b) Blockchain is a distributed digital ledger in which transactions can be recorded chronologically and publicly. CNET moved news online. [165] Based on behavioral models, Li[166] has discussed the differences between adoption at the individual level and organizational levels.