A self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code

A legal document signed by both parties

An agreement made verbally

A type of computer program

To validate transactions and add them to the blockchain

To create new cryptocurrencies

To regulate the value of existing cryptocurrencies

To design new blockchain algorithms

To achieve agreement among network participants on which block is added next to the chain

To keep the blockchain private and inaccessible to others

To increase the complexity of mining

To prevent the use of smart contracts

It is used to encrypt data and ensure secure transactions

It is a unique identifier for each block in the chain

It is a type of consensus algorithm

It is used to create new cryptocurrencies

By linking each block to the previous one using cryptographic hashes

By allowing miners to modify the data in each block

By encrypting the entire blockchain network

By periodically deleting old data from the chain

To maintain a copy of the blockchain and validate transactions

To create new blocks and add them to the chain

To regulate the value of cryptocurrencies

To design new consensus algorithms

To verify transactions and ensure their accuracy

To create new cryptocurrencies

To regulate the value of existing cryptocurrencies

To design new blockchain algorithms

By distributing copies of the ledger across multiple nodes

By centralizing all data on a single server

By encrypting the entire blockchain network

By allowing only one node to validate transactions