Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tokens can only be created on the Ethereum Network. True False QUESTION 8 Ordinals on the Bitcoin blockchain allows you to track ownership of assets

image text in transcribed

Tokens can only be created on the Ethereum Network. True False QUESTION 8 Ordinals on the Bitcoin blockchain allows you to track ownership of assets like artwork. But this is a bit different from NFTs because Ordinals can track ownership of video, but not audio files. There are no non-fungible tokens actually created using Ordinals. NFTs only allow you to own, but not transfer ownership. Ordinals encodes the artwork on the Bitcoin blockchain. QUESTION 9 Which of the following can Ethereum do that Bitcoin cannot do: Transfer coins. Create tokens. Execute smart contracts. Track transactions on a blockchain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Speculation Its Sound Principles And Rules For Its Practice

Authors: Thomas Temple Hoyne

1st Edition

1596059761, 978-1596059764

More Books

Students also viewed these Finance questions