UPSC Prelims 2020 · GS Paper 1 · Q20
Science & Technology
Medium · Blockchain Technology, Basic Features
Consider the following statements regarding blockchain technology:
1. It is a public ledger of transactions that is not owned or controlled by any single user.
2. Data recorded on a blockchain must always relate to cryptocurrency transactions.
3. Permissionless applications can be built on top of a blockchain's basic features without seeking anyone's approval.
Which of the statements given above are correct?