Block chain refers to what type of technology?

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Multiple Choice

Block chain refers to what type of technology?

Explanation:
Blockchain is a form of distributed ledger technology. It describes a shared, append-only ledger of transactions that is replicated across many computers (participants) in a network. Each new group of transactions becomes a block and is cryptographically linked to the previous block, creating an immutable chain. Because the ledger is maintained by a network rather than a single authority, no single entity controls it, which enhances transparency and resilience. Encryption helps secure data, but the defining feature is the distributed, tamper-evident ledger across multiple parties, not a centralized database, a standalone encryption method, or a cloud storage service.

Blockchain is a form of distributed ledger technology. It describes a shared, append-only ledger of transactions that is replicated across many computers (participants) in a network. Each new group of transactions becomes a block and is cryptographically linked to the previous block, creating an immutable chain. Because the ledger is maintained by a network rather than a single authority, no single entity controls it, which enhances transparency and resilience. Encryption helps secure data, but the defining feature is the distributed, tamper-evident ledger across multiple parties, not a centralized database, a standalone encryption method, or a cloud storage service.

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