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 |
