Unit 1 Q - Bank
Unit 1 Q - Bank
PART-A
5. A distributed digital ledger is used for recording transaction in BlockChain. Whatdoes the
system rely on?
6. Name the common type of ledgers that can be considered by users in Blockchain?
15.What is consensus?
PART-B
4. Discuss the benefits of blockchain and also discuss the challenges of blockchain.
5. Explain in detail the mechanism of consensus. Elaborate all the ten mechanism.
8. Explain the benefits of decentralization and the what are elements to be decentralized to achieve
full decentralization in blockchain.