With reference to Blockchain, consider the following statements: 1. The first block in a Blockchain is known as the Genesis block. 2. Transaction data and a timestamp are both included in a block.Which of the statements given above is/are correct? |ForumIAS

Q. With reference to Blockchain, consider the following statements:
1.The first block in a Blockchain is known as the Genesis block.
2.Transaction data and a timestamp are both included in a block.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Both statements are correct.

The first block in a Blockchain is termed as a Genesis block
Each block in a blockchain contains – a) Cryptographic hash of the previous block, b) Transaction data and c) Timestamp

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