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QThe three concepts used to explain the foundation of blockchain are __________________.

ID: #6614 Blockchain 156 views
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#6614Q ID
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BlockchainTopic
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  • A Business Network, Ledger, Physical Assets ✔ ✖
  • B Distributed Network, Cryptography , Public Ledger ✔ ✖
  • C Ledger, Bitcoins, Digital Identity ✔ ✖
  • D Digital Ledger, Physical Assets, Banks ✔ ✖
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Distributed Network, Cryptography, Public Ledger.

These three concepts form the foundation of blockchain technology. The distributed network allows for multiple nodes to participate in the network and validate transactions, creating a decentralized system. Cryptography provides secure communication and data privacy, ensuring that transactions on the blockchain are secure and tamper-proof. The public ledger records all transactions on the blockchain in a transparent and immutable way, allowing for anyone to verify and track the history of transactions. Together, these concepts enable trust and transparency in a decentralized system, making blockchain a revolutionary technology for many industries.

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