Question

Cryptocurrency is the only use case of blockchain. True or false

Answer 1

Answer:

The answer is false.

Answer 2

Cryptocurrency is the only use case of blockchain is false statement.

Explanation:

• Blockchain is the technology that allows peer-to-peer transactions to be recorded on a distributed ledger across the network. It is a public transaction ledger of cryptocurrencies.
• A cryptocurrency is a digital or virtual currency that is secured by cryptography. Most cryptocurrencies are decentralized networks based on blockchain technology, a distributed ledger supported by a dispersed network of computers.
• The 'blockchain and cryptocurrencies' may go together, this is not the only 'use case for blockchain'. This 'technology may be used to revolutionize' other sectors besides the 'financial sector'.

To know more

Which among the following is the most flexible cryptocurrency?

1) Bitcoin

2)ripple

3) Litecoin

4) Ether

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