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?
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