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Question Paper from: IBPS RRB PO Mains 2017

Blockchain is the backbone technology on which bitcoins run. _____ Blockchain removes the need for using a trusted third party such as a bank to make a transaction by directly connecting the customers and suppliers. Each transaction is recorded to the ledger after verification by the network participants, mainly a chain of computers, called nodes. Blockchain today may be compared to what the Internet was in the early 1990s. While we have witnessed how the ‘Internet of Information’ has changed our society over the past two decades, we are now entering a phase where blockchain may do the same by ushering in a new paradigm comprising ‘Internet of Trust’
and ‘Internet of , as per a Deloitte and Assocham study.
1:
Simply put, it is a digital public ledger that recorded every transaction. Ones a transaction are entered in the blockchain, it cannot erased or modified
2:
network participants, mainly a chain of computers, are said to had blockchain
3:
Blockchain today may be compared, once a transaction is entered a blockchain
4:
Simply put, it is a digital public ledger that records every transaction. Once a transaction is entered in the blockchain, it cannot be erased or modified.
5:
Simply said, digital public ledger that recorded transaction. Comprising entered blockchain
Solution:
Chapter Name: Single Filler
Difficulty Level: Moderate

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IBPS RRB PO Mains 2017

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