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What is a blockchain? Take this QUIZ | 5 easy questions

What is blockchain? crypto quiz
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What is a blockchain?

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What is a dApp?

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What does P2P stand for?

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What is a node?

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Smart contracts are legally binding contract

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What is blockchain? Quiz
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Blockchain can make transactions faster and cheaper because it spreads operations across a network of computers. It is also more secure than traditional ledgers and databases because transactions are permanent and cannot be altered. This is one reason why businesses have started adopting blockchain. This technology can help them cut costs, improve customer service, and boost overall efficiency.

Blockchains can be compared to checkbook ledgers. Blockchains are databases that are shared between computer-network nodes. The blocks are linked together using cryptography. Blockchains are most commonly associated with cryptocurrency systems. They are a crucial piece of the system, serving as a secure record of transactions. They guarantee the fidelity of data and create trust without a third party.

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