UPSC Civil Services Prelims 2020
Question 52 of 70Science

With reference to “Blockchain Technology” consider the following statements: 1. It is a public ledger that everyone can inspect, but which no single user controls. 2. The structure and design of blockchain is such that all the data in it is about cryptocurrency only. 3. Applications that depend on basic features of blockchain can be developed without anybody’s permission. Which of the statements given above is/are correct?

A1 only
B1 and 2 only
C2 only
D1 and 3 only

Correct Answer

The correct answer is hidden

Explanation

39 words hidden ... 2 is hidden because blockchain is not limited to cryptocurrency data alone; it can support smart contracts, ... 32 words hidden

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