Question

Pretend your 12-year-old niece asks you what "blockchain" and "cryptocurrency" mean. In very simple language, explain...


Pretend your 12-year-old niece asks you what "blockchain" and "cryptocurrency" mean. In very simple language, explain what a "blockchain" is and why it is such a novel concept (i.e. what "problems" does it address?). Then, discuss what "cryptocurrency" is and how the two are related.
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A blockchain is agrowing list of records, called blocks, which are linked using cryptography. Each block contains a cyptographic hash of thr previous block and transaction data. By design, a blockchain is resistant to modification of data. It is a open distributedd ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial information. It uses decentralised control.

Blockchain which are readable by public widely used by cryptocurrencies

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
PHILOSOPHY 6. Lisa has become very cold. She can hardly walk out of bed. Lisa's friend...
PHILOSOPHY 6. Lisa has become very cold. She can hardly walk out of bed. Lisa's friend Jasmin advises her to drink a tea made of birch leaves, which according to Jasmin himself often healed her own colds. To their surprise, Lisa becomes healthy after drinking birch leaves for just three days. She therefore thanks Jasmin and states that the birch tree tea has cured the cold. Does Lisa have a good reason to draw this conclusion? Is her conclusion reasonable?...
Chief Complaint: 74-year-old woman with shortness of breath and swelling. History: Martha Wilmington, a 74-year-old woman...
Chief Complaint: 74-year-old woman with shortness of breath and swelling. History: Martha Wilmington, a 74-year-old woman with a history of rheumatic fever while in her twenties, presented to her physician with complaints of increasing shortness of breath ("dyspnea") upon exertion. She also noted that the typical swelling she's had in her ankles for years has started to get worse over the past two months, making it especially difficult to get her shoes on toward the end of the day. In...
Set up hypotheses for the following situations and explain your reasoning (One-tail or two-tailed? What are...
Set up hypotheses for the following situations and explain your reasoning (One-tail or two-tailed? What are your null and alternate hypotheses? Why?). Indicate whether a z-test or t-test would be recommended to evaluate the hypotheses. If a t-test is recommended, how many degrees of freedom should be used? The EU wants to examine statistics on refugees’ ages. Historically, the mean age of refugees arriving in Europe is 27.5 years old with a standard deviation of 3.1 years. In 2015, the...
A new family has just been referred to your program. Before you meet, you review what...
A new family has just been referred to your program. Before you meet, you review what you know about the family. Soha arrived 10 months ago with her children, sponsored by other family members. Her husband has found work in another city, but Soha and the children are living with their relatives and usually see the father only on weekends. They are a visible minority in a predominantly white neighborhood. Soha and the children have a room in the basement....
CLINICAL SCENARIO: NEUROLOGICAL SYSTEM Mr. A.G. is a 76-year -old widower being seen in your outpatient...
CLINICAL SCENARIO: NEUROLOGICAL SYSTEM Mr. A.G. is a 76-year -old widower being seen in your outpatient clinic for a medication refill for his Parkinson’s disease. He is a retired railroad engineer who derives great pleasures from collecting railroad memorabilia and taking walks with his dog around the vicinity of his neighborhood. Mr. A.G. was diagnosed with moderate (Stage III) Parkinson’s Disease 2 years ago. He does not smoke tobacco nor drink alcohol. His PMH includes a femur fx at age...
Case Study: A new family has just been referred to your program. Before you meet, you...
Case Study: A new family has just been referred to your program. Before you meet, you review what you know about the family. Soha arrived 10 months ago with her children, sponsored by other family members. Her husband has found work in another city, but Soha and the children are living with their relatives and usually see the father only on weekends. They are a visible minority in a predominantly white neighborhood. Soha and the children have a room in...
Case 2 Martin Smith is a 57 year old sales manager who is significantly overweight. Despite...
Case 2 Martin Smith is a 57 year old sales manager who is significantly overweight. Despite his physician’s urging, Mr. Smith continued to eat a rich diet that included red meat and high-calorie desserts. He also enjoyed unwinding with a few beers each evening. He had occasional angina that was relieved by nitroglycerin (1 tablet, 0.4 mg, sublingual). On the night of February 3, 2017, Mr. Smith went to bed early because he wasn’t feeling well. He woke up at...
Case Study: Ellen is a 55-year-old African American woman with multiple medical problems, including chronic back...
Case Study: Ellen is a 55-year-old African American woman with multiple medical problems, including chronic back pain. She is 66 inches tall (5’6”) and weighs 286 pounds. She takes medications for high blood pressure and hypercholesterolemia, both of which are currently under control, and she is a non-smoker. She also takes pain medications every day and has difficulty walking but attends a water exercise class at the local sports center one day a week. She states that she has been...
Hypovolemia The wife of C.W., a 70-year-old man, brought him to the emergency department (ED) at...
Hypovolemia The wife of C.W., a 70-year-old man, brought him to the emergency department (ED) at 0430 this morning. She told the ED triage nurse that he had had dysentery for the past 3 days and last night he had a lot of “dark red” diarrhea. When he became very dizzy, disoriented, and weak this morning, she decided to bring him to the hospital. C.W.’s vital signs (VS) were 70/- (systolic blood pressure [BP] 70 mm Hg, diastolic BP inaudible),...
Mr. Escobar is a 47-year-old male with a history of cirrhosis. He lives with his wife...
Mr. Escobar is a 47-year-old male with a history of cirrhosis. He lives with his wife and teenage sons. His wife brought him to the emergency department today because she noticed that Mr. Escobar ha increasing confusion and lethargy and was having difficulty walking. His wife states, “He is probably acting a little funny because he is sleep deprived. He hasn’t slept very much in the past few days.” Gender: Male Age: 47 Setting: Hospital Ethnicity: Black American Preexisting Condition:...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT