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QBlockchain provides ___________ kind of database for every transaction involving value.

ID: #6609 Blockchain 390 views
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#6609Q ID
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BlockchainTopic
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  • A Open Centralized ✔ ✖
  • B Closed Decentralized ✔ ✖
  • C Open Decentralized ✔ ✖
  • D Closed Centralized ✔ ✖
Correct Answer: Option C

Explanation

Open Decentralized.

Blockchain provides an open and decentralized database for every transaction involving value. This means that the database is accessible to anyone with an internet connection and is not owned or controlled by any central authority. Instead, the database is maintained by a network of nodes, each with a copy of the database and the ability to validate transactions. This decentralized approach ensures transparency, immutability, and security of transactions, without the need for intermediaries such as banks or governments.

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