Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of this following statements are true [Select all that are true] 1. In the blockchain, it is impossible to change a single piece of

Which of this following statements are true [Select all that are true]

1. In the blockchain, it is impossible to change a single piece of information in a previous block without affecting the future blocks.

2. In SHA256, the term 'FTX file for bankruptcy' and 'FTX File for Bankruptcy' will generate same hash function?

3. Because of its associated challenges, Bitcoin can not be used as a medium of exchange.

4. The main difference between a traditional ledger and a distributed ledger is that in a distributed ledger, in times of discrepancy, all nodes participate in determining the true state of the ledger.

5. In the hash function, the output carries significant identifying information about the input.

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions