"Blockchain Basics Quiz" by kar Ta

A type of cryptocurrency used for secure transactions

A form of blockchain consensus mechanism

A digital agreement that automatically executes when predefined conditions are met

A decentralized network for storing and managing data

Storing data

Executing smart contracts

Mining cryptocurrency

Validating transactions

A peer-to-peer network

A decentralized digital ledger

A centralized database

No consensus required

Unanimous agreement

Majority agreement

Random selection

To centralize control of financial transactions

To provide a secure and anonymous means of transaction

To eliminate the need for digital currency

To limit access to transaction history

To distribute transaction records across multiple nodes

To centralize data storage