[CDATA[ A blockchain is a database that saves encrypted chunks of data and then connects them to build a chronological single source of truth for the data. [116], Namecoin is a cryptocurrency that supports the ".bit" top-level domain (TLD). 4. PwC's estimate is further augmented by a 2018 study that they have conducted, in which PwC surveyed 600 business executives and determined that 84% have at least some exposure to utilizing blockchain technology, which indicates a significant demand and interest in blockchain technology.[79]. Which statement is true about blockchain? - Brainly.com To Find - Which statement is true about blockchain? At its inception, members of a newly created blockchain network must agree to the rules and guidelines that will govern That insight and its strategic implications are what well explore in this article. The first major blockchain innovation was bitcoin, a digital currency experiment. 2023: The Next Stage For NFT Gaming | by Prom - Medium b) Blockchain guarantees the accuracy of the data. [13], The first decentralized blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008. Which one should you choose? 2022 was a sound epoch for blockchain gaming, but 2023 is already regarded as a 'buidl' stage. Hence the correct answer isonly I, ii, and iii. For example, a social network with just one member is of little use; a social network is worthwhile only when many of your own connections have signed on to it. Theyre like a rush-hour gridlock trapping a Formula 1 race car. Q) Which statement is true about blockchain? Which of the following statement is true about blockchain? (The infamous hacks that have hit bitcoin exchanges exposed weaknesses not in the blockchain itself but in separate systems linked to parties using the blockchain.). B. hash With blockchain, we can imagine a world in which contracts are embedded in digital code and stored in transparent, shared databases, where they are protected from deletion, tampering, and revision. An operating system (OS) is the software which manages hardware and resources, like CPU, storage and memory.
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which statement is true about blockchain?