What names are given to a database where all cryptocurrency transactions are recorded? (Choose two.)

Last Updated: Nov 13, 2023
IT Exam Items Repository › Category: Cybersecurity Essentials › What names are given to a database where all cryptocurrency transactions are recorded? (Choose two.)

What names are given to a database where all cryptocurrency transactions are recorded? (Choose two.)

  • Table
  • Blockchain
  • Spreadsheet
  • Ledger

Explanation: Cryptocurrency owners keep their money in encrypted, virtual ‘wallets.’ When a transaction takes place between the owners of two digital wallets, the details are recorded in a decentralized, electronic ledger or blockchain system. This means it is carried out with a degree of anonymity and is self-managed, with no interference from third parties such as central banks or government entities.

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