blockchain

Front

Centralized networks have a single point of failure. True or False?

Back

True

Front

Decentralized networks have reduced speed of access to information

Back

False

Front

Distributed Peer-to-Peer networks avoid centralization problems completely.

Back

True

Front

Blockchain is a centralized network.

Back

False

Front

Bitcoin technology allows payment transactions directly between network users without a central authority.

Back

True

Front

Which network has multiple central owners?

Back

Decentralized network

Front

Which network type is characterized by all nodes being connected to each other and everyone having equal rights?

Back

Distributed Peer-to-Peer network

Front

Which network type uses distributed ledgers for transactions?

Back

Decentralized network

Front

What is the role of Nodes in Blockchain?

Back

To validate transactions

Front

What happens after the transaction is validated in Blockchain?

Back

The new block is added to the Blockchain