Q. With reference to Cryptocurrency and Blockchain networks, consider the following statements:
1.Blockchain is a type of digital ledger technology in which transactions are recorded with an immutable cryptographic signature called a hash.
2.Crypto coins and tokens have their own blockchains.
Which of the statements given above is/are correct?
Red Book
Red Book

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A
Notes:
  • Statement 1 is correct:Blockchain is a type of digital ledger technology in which transactions are recorded with an immutable cryptographic signature called a hash.
  • Statement 2 is incorrect:Crypto coins have their own blockchains. Tokens are built on already existing blockchains.

Source: Article

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