blockchain

Centralized networks have a single point of failure.

• True

• False

Decentralized networks have reduced speed of access to information

• True

• False

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

• True

• False

Blockchain is a centralized network.

• True

• False

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

• True

• False

Which network has multiple central owners?

• Centralized network

• Decentralized network

• Distributed Peer-to-Peer network

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

• Centralized network

• Decentralized network

• Distributed Peer-to-Peer network

Which network type uses distributed ledgers for transactions?

• Centralized network

• Decentralized network

• Distributed Peer-to-Peer network

What is the role of Nodes in Blockchain?

• To request transactions

• To broadcast transactions

• To validate transactions

• To complete transactions

What happens after the transaction is validated in Blockchain?

• The transaction is rejected

• The new block is added to the Blockchain

• The request is broadcasted to P2P network consisting of Nodes

• The transaction is completed