{"id":91789,"date":"2025-06-01T11:05:42","date_gmt":"2025-06-01T11:05:42","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91789"},"modified":"2025-06-01T11:05:42","modified_gmt":"2025-06-01T11:05:42","slug":"with-reference-to-blockchain-technology-consider-the-following-stat","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-blockchain-technology-consider-the-following-stat\/","title":{"rendered":"With reference to \u201cBlockchain Technology\u201d, consider the following stat"},"content":{"rendered":"<p>With reference to \u201cBlockchain Technology\u201d, consider the following statements :<\/p>\n<ul>\n<li>1. It is a public ledger that everyone can inspect, but which no single user controls.<\/li>\n<li>2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only.<\/li>\n<li>3. Applications that depend on basic features of blockchain can be developed without anybody\u2019s permission.<\/li>\n<\/ul>\n<p>Which of the statements given above is\/are correct ?<\/p>\n<p>[amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;1 and 2 only&#8221; option3=&#8221;2 only&#8221; option4=&#8221;1 and 3 only&#8221; correct=&#8221;option4&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2020<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2020.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2020\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nStatement 1 is correct. A public blockchain is a decentralized, distributed ledger technology where transaction data is typically transparent and accessible to all participants on the network. It is not controlled by any single entity. Statement 2 is incorrect. While blockchain technology underpins cryptocurrencies like Bitcoin, its applications extend far beyond cryptocurrency. It can be used to record and verify any type of data or transaction, including supply chain management, digital identity, voting systems, and more. Statement 3 is correct. On permissionless blockchains (like Bitcoin or Ethereum), anyone can develop and deploy applications (decentralized applications or DApps) that utilize the blockchain&#8217;s features without requiring permission from a central authority.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nBlockchain is a decentralized, transparent ledger technology whose applications are not limited to cryptocurrency and on which permissionless innovation can occur.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nBlockchain operates as a chain of blocks, where each block contains a batch of transactions, and these blocks are linked using cryptography. This structure makes the ledger highly secure and resistant to tampering.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>With reference to \u201cBlockchain Technology\u201d, consider the following statements : 1. It is a public ledger that everyone can inspect, but which no single user controls. 2. The structure and design of blockchain is such that all the data in it are about cryptocurrency only. 3. Applications that depend on basic features of blockchain can &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"With reference to \u201cBlockchain Technology\u201d, consider the following stat\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-blockchain-technology-consider-the-following-stat\/#more-91789\">Detailed Solution<span class=\"screen-reader-text\">With reference to \u201cBlockchain Technology\u201d, consider the following stat<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1288,1113],"class_list":["post-91789","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1288","tag-information-and-communication-technology","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>With reference to \u201cBlockchain Technology\u201d, consider the following stat<\/title>\n<meta name=\"description\" content=\"Statement 1 is correct. A public blockchain is a decentralized, distributed ledger technology where transaction data is typically transparent and accessible to all participants on the network. It is not controlled by any single entity. Statement 2 is incorrect. While blockchain technology underpins cryptocurrencies like Bitcoin, its applications extend far beyond cryptocurrency. It can be used to record and verify any type of data or transaction, including supply chain management, digital identity, voting systems, and more. Statement 3 is correct. On permissionless blockchains (like Bitcoin or Ethereum), anyone can develop and deploy applications (decentralized applications or DApps) that utilize the blockchain&#039;s features without requiring permission from a central authority. Blockchain is a decentralized, transparent ledger technology whose applications are not limited to cryptocurrency and on which permissionless innovation can occur.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-blockchain-technology-consider-the-following-stat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With reference to \u201cBlockchain Technology\u201d, consider the following stat\" \/>\n<meta property=\"og:description\" content=\"Statement 1 is correct. A public blockchain is a decentralized, distributed ledger technology where transaction data is typically transparent and accessible to all participants on the network. It is not controlled by any single entity. Statement 2 is incorrect. While blockchain technology underpins cryptocurrencies like Bitcoin, its applications extend far beyond cryptocurrency. It can be used to record and verify any type of data or transaction, including supply chain management, digital identity, voting systems, and more. Statement 3 is correct. On permissionless blockchains (like Bitcoin or Ethereum), anyone can develop and deploy applications (decentralized applications or DApps) that utilize the blockchain&#039;s features without requiring permission from a central authority. Blockchain is a decentralized, transparent ledger technology whose applications are not limited to cryptocurrency and on which permissionless innovation can occur.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-blockchain-technology-consider-the-following-stat\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:05:42+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"With reference to \u201cBlockchain Technology\u201d, consider the following stat","description":"Statement 1 is correct. A public blockchain is a decentralized, distributed ledger technology where transaction data is typically transparent and accessible to all participants on the network. It is not controlled by any single entity. Statement 2 is incorrect. While blockchain technology underpins cryptocurrencies like Bitcoin, its applications extend far beyond cryptocurrency. It can be used to record and verify any type of data or transaction, including supply chain management, digital identity, voting systems, and more. Statement 3 is correct. On permissionless blockchains (like Bitcoin or Ethereum), anyone can develop and deploy applications (decentralized applications or DApps) that utilize the blockchain's features without requiring permission from a central authority. Blockchain is a decentralized, transparent ledger technology whose applications are not limited to cryptocurrency and on which permissionless innovation can occur.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-blockchain-technology-consider-the-following-stat\/","og_locale":"en_US","og_type":"article","og_title":"With reference to \u201cBlockchain Technology\u201d, consider the following stat","og_description":"Statement 1 is correct. A public blockchain is a decentralized, distributed ledger technology where transaction data is typically transparent and accessible to all participants on the network. It is not controlled by any single entity. Statement 2 is incorrect. While blockchain technology underpins cryptocurrencies like Bitcoin, its applications extend far beyond cryptocurrency. It can be used to record and verify any type of data or transaction, including supply chain management, digital identity, voting systems, and more. Statement 3 is correct. On permissionless blockchains (like Bitcoin or Ethereum), anyone can develop and deploy applications (decentralized applications or DApps) that utilize the blockchain's features without requiring permission from a central authority. Blockchain is a decentralized, transparent ledger technology whose applications are not limited to cryptocurrency and on which permissionless innovation can occur.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-blockchain-technology-consider-the-following-stat\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T11:05:42+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-blockchain-technology-consider-the-following-stat\/","url":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-blockchain-technology-consider-the-following-stat\/","name":"With reference to \u201cBlockchain Technology\u201d, consider the following stat","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T11:05:42+00:00","dateModified":"2025-06-01T11:05:42+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Statement 1 is correct. A public blockchain is a decentralized, distributed ledger technology where transaction data is typically transparent and accessible to all participants on the network. It is not controlled by any single entity. Statement 2 is incorrect. While blockchain technology underpins cryptocurrencies like Bitcoin, its applications extend far beyond cryptocurrency. It can be used to record and verify any type of data or transaction, including supply chain management, digital identity, voting systems, and more. Statement 3 is correct. On permissionless blockchains (like Bitcoin or Ethereum), anyone can develop and deploy applications (decentralized applications or DApps) that utilize the blockchain's features without requiring permission from a central authority. Blockchain is a decentralized, transparent ledger technology whose applications are not limited to cryptocurrency and on which permissionless innovation can occur.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-blockchain-technology-consider-the-following-stat\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-blockchain-technology-consider-the-following-stat\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/with-reference-to-blockchain-technology-consider-the-following-stat\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"With reference to \u201cBlockchain Technology\u201d, consider the following stat"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=91789"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/91789\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=91789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=91789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=91789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}