MML203-1

The functioning of Blockchain involves mainly ______ steps.

• three

• four

Firstly, a person has to request a transaction in the process of Blockchain.

• True

• False

P2P network is involved in Blockchain.

• True

• False

A bitcoin block contains information about:

• Sender

• Receiver

• Going to the bank

• ATM

In a bitcoin block, the amount transferred is also specified.

• True

• False

A Hash can be understood as a fingerprint which is unique to each block.

• True

• False

Hash acts as a unique fingerprint on the block.

• True

• False

In blockchain, The network of nodes validates the transaction.

• True

• False

In the last step as the transaction is completed, the new block is then added to the existing blockchain.

• True

• False