Question: Which of the following is the first distributed blockchain implementation?
A Ethereum
B Binance Smart Chain
C Bitcoin
D Cardano
Answer: Bitcoin
| Aspect | Description | Examples |
| Bitcoin | · The first and most well-known blockchain ,designed for peer-to-peer digital currency transactions.
· It uses a proof-of-work consensus mechanism. |
BTC |
| Ethereum | · A versatile blockchain platform that supports smart contracts and decentralized applications (DApps). | ETH |
| Binance Smart Chain | · A blockchain platform built to facilitate smart contract functionality and enable low-cost and high-speed transactions. | BNB |
| Cardano | · A blockchain platform that focuses on scalability, sustainability and interoperability. | ADA |
| Polkadot | · A multi-chain network that enables different blockchains to interoperate, enhancing scalability and flexibility. | DOT |
| Solana | · A high-performance blockchain known for its fast transaction speeds and decentralized applications.
· It uses a unique consensus mechanism called Proof of History. |
SOL |
| Algorand | · A blockchain platform that emphasizes speed, efficiency and security. | ALGO |
| Tezos | · A blockchain designed to be self-amending, allowing the network to upgrade itself through on-chain governance. | XTZ |
| Avalanche | · A platform known for its flexibility, security and customizability. | AVAX |
| Ripple | · A blockchain designed for fast, low-cost cross-border payments and settlements, often used by financial institutions. | XRP |