WEEK 7 MIDTERM Flashcards
Refer to innovative advancements in various fields that are in the early stages of development or adoption and have the potential to significantly impact industries, societies, and daily life.
Emerging Technologies
These technologies often represent novel approaches, concepts, or applications that are not yet widespread but show promise for future transformation.
Emerging Technologies
Enumerate the 3 technologies that often represents novel approaches, concepts, or application
Artificial Technologies (AI)
Internet of Things (IoT)
Blockchain
__________encompasses machine learning, natural language processing, and robotics, enabling machines to simulate human intelligence, learn from data, and perform tasks that typically require human cognition.
Artificial Technology (AI)
It connects devices and systems to the internet, allowing them to communicate and share data, leading to enhanced automation, monitoring, and efficiency across various domains.
Internet of Things (IoT)
It is a chain of blocks that contain information. The data which is stored inside a block depends on the type of ____________.
Blockchain
It is a decentralized and distributed ledger technology that allows for secure, transparent, and tamper-resistant recording of transactions across a network of computers.
Blockchain
Unlike traditional centralized systems where a central authority controls the data, blockchain operates on a ___________________ of computers (nodes).
Decentralized Network
No one has to know or trust anyone else. Each member in the network has a copy of the exact same data in the form of a distributed ledger. If a member’s ledger is altered or corrupted in any way, it will be rejected by the majority of the members in the network.
Decentralized Network
Transactions are grouped together into blocks. These transactions can represent various types of data, from cryptocurrency transactions to contracts or records.
Blockchains and Transactions
it refers to each block contains a unique ________________ (a fixed-size string of characters) that identifies it and is generated based on the block’s content.
Cryptographic Hashing
It is the process of hiding or coding information so that only the person a message was intended for can read it.
Cryptography
It is the process of transforming any given key or a string of characters into another value.
Hashing
This chaining mechanism creates a continuous and immutable record of transactions, forming the ___________.
Blockchain
A __________ database stores data in blocks that are linked together in a chain.
Blockchain
The data is chronologically consistent because you cannot delete or modify the chain without consensus from the network.
Chaining Blocks
It refers that each block contains a reference (a hash) to the previous block in the chain. To add a new block to the blockchain, ___________ among the nodes is required.
Consensus Mechanism
Different blockchain networks use various __________ (like Proof of Work, Proof of Stake, etc.) to validate and agree on the new block.
Consensus Mechanism
Is a system that validates a transaction and marks it as authentic. This mechanism lists all valid transactions of a coin in a blockchain to build trust in the coin among traders. Several currencies, such as Bitcoin, Etherum, use this system for security purposes.
Consensus Mechanism
Once a block of transactions is verified and accepted by the network through the consensus mechanism, it is added to the existing blockchain.
Adding New Blocks