Chapter 6: Blockchain Technology

Question 1

Blockchains

Answer 1

lists of records or blocks that are connected by cryptography

Question 2

each block contains a __________, transaction date, and a cryptographic hash of the former block

Answer 2

timestamp

Question 3

spreadsheet

Answer 3

designed for one individual/ small group of individuals

Question 4

a database is intended to…

Answer 4

… store large amounts of data, which can be manipulated, accessed, and filtered by any number of users

Question 5

a blockchain generally ______ data in groups that contain sets of data

Answer 5

gathers

Question 6

a block has a specific ______ capacity

Answer 6

storage

Question 7

once it’s filled, it gets _____ on another filled block

Answer 7

filled

Question 8

this forms a data chain called a __________

Answer 8

blockchain

Question 9

every new data block acquired gets __________ into a new block

Answer 9

compiled

Question 10

_______ and private blockchains consist of computers that are managed and owned by just one entity

Answer 10

centralised

Question 11

if a ____ encounters a data error, it may use the other nodes as a reference point for correction

Answer 11

node

Question 12

blockchain’s main goal

Answer 12

to allow digital data to be distributed and recorded whilst preventing it from being edited

Question 13

Researchers W. Scott Stornetta + Stuart Haber created first outline of blockchain technology in ______

Answer 13

1991