Question

1. The height of the bitcoin blockchain is closest to which of the following?

450

4,500

45,000

450,000

1. A full transaction record of every Bitcoin and every Bitcoin user s encrypted identity is maintained in the ______________.

		Cryptochain
		Multichain
		Blockchain
		Hashchain

Answer 1

Ans 01:

Height of Bitcoin Block: Height of Bitcoin Block is No of Block it has right now coming before of a particular block Bitcoin is a concept of public ledger system. Where transactions are recorded in a block. For example, the Genesis block which created at the very first block was having height zero. Right now block heights is more than 633,000.

The Right choice on Given Options will be Option D: 450,000 (closest of the following)

Ans 02:

A full transaction record of every Bitcoin and every Bitcoin user s encrypted identity is maintained in the

A. Cryptochain: It is an invalid technical term in the cryptocurrency/ cryptography world.

B. Multichain: It is an invalid technical term in the cryptocurrency/ cryptography world.

C. Blockchain: It is a Public ledger in any cryptocurrency / Bitcoin where transactions are recorded in a public ledger system. So everyone can see what kind of transactions are happening in this space. (Right Option)

D. Hashchain: It is an invalid technical term. Though Hash is an important concept in bitcoin. Here Hash Function is an unknown mathematical puzzle/function every miner needs to solve to complete the transaction.