Prelims

With reference to Non-Fungible Tokens (NFTs), consider the following statements :
1. They enable the digital representation of physical assets.
2. They are unique cryptographic tokens that exist on a blockchain.
3. They can be traded or exchanged at equivalency and therefore can be used as a medium of commercial transactions.
Which of the statements given above are correct ?

With reference to Web 3.0, consider the following statements :
1. Web 3.0 technology enables people to control their own data.
2. In Web 3.0 world, there can be blockchain based social networks.
3. Web 3.0 is operated by users collectively rather than a corporation.
Which of the statements given above are correct ?

With reference to “Blockchain Technology” 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 be developed without anybody’s permission.
Which of the statements given above is/are correct?

With reference to ‘Bitcoins’, sometimes seen in the news, which of the following statements
is/are correct?
1. Bitcoins are tracked by the Central Banks of the countries.
2. Anyone with a Bitcoin address can send and receive Bitcoins from anyone else with a Bitcoin
address.
3. Online payments can be sent without either side knowing the identity of the other.
Select the correct answer using the code given below.