Which of the following statements are true about transactions in a business blockchain?

1. Transactions in a business blockchain are anonymous and untraceable.
2. Transactions in a business blockchain are public and transparent.
3. Transactions in a business blockchain are private and secure.
4. Transactions in a business blockchain are tamper-proof.

Other related questions:

Q: Which of the following statements about blockchain is true?

A: Blockchain is a distributed database that allows for secure, transparent and tamper-proof data storage and transmission.

Blockchain is a new and innovative technology that has the potential to disrupt many industries.

Blockchain is a decentralized and distributed digital ledger that records transactions in a secure, verifiable and permanent way.

Blockchain is not owned or controlled by any single entity, making it a highly democratic and decentralized system.

Q: Which of the following are true for a block in blockchain?

A: 1. A block in the blockchain contains a header and a list of transactions.

2. A block in the blockchain is immutable, meaning it cannot be changed or deleted.

3. A block in the blockchain is verified by all nodes in the network.

4. A block in the blockchain is time-stamped and sequentially ordered.

Q: What are the transactions in blockchain?

A: In a blockchain, each transaction is recorded as a “block” and added to the chain of previous transactions, creating a permanent and tamper-proof record.

Q: What is the one primary benefit of using blockchain for business networks?

A: The main benefit of using blockchain for business networks is that it can help to streamline processes and reduce costs. For example, by using blockchain to track data and transactions, businesses can avoid the need for costly and time-consuming middlemen. In addition, blockchain can also help to improve security and transparency, as well as providing a more efficient way to manage and track data.

Bibliography

Was this Helpful ?
Yes No