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A________represents a transfer of value from one address to another, Transaction in a blockchain network can be defined also as a record of an event or the ''transfer of value from one account to another''

A.

Hash function

Answers
A.

Hash function

B.

Block

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B.

Block

C.

Signature

Answers
C.

Signature

D.

transaction

Answers
D.

transaction

Suggested answer: D

Explanation:

In blockchain terminology, a transaction represents the transfer of value from one address to another. Each transaction is recorded on the blockchain as an immutable entry, often representing a movement of digital assets or a record of an event.

Key Details:

Nature of Transactions: A blockchain transaction involves a digital asset or token being sent from one blockchain address (wallet) to another. The transaction is broadcast to the network, validated by nodes, and then recorded on the blockchain ledger.

Transfer of Value: Blockchain transactions serve as proof of the transfer of value, which could represent cryptocurrency movement, digital asset exchange, or a specific record of an event, depending on the blockchain's purpose.

Inclusion in Blocks: Each transaction is grouped into blocks, which are then cryptographically linked together, forming the blockchain. This ensures all transactions are secure, traceable, and verifiable.

Thus, D. Transaction is the correct answer, as it describes the fundamental concept of transferring value on a blockchain.

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asked 24/10/2024
Koh Renbin
35 questions
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