A false statement is that Bitcoin uses smart contracts to specify business rules.
Is Bitcoin a private blockchain?
Public blockchains include Bitcoin and Ethereum. Anyone on the network can add blocks to the chain. Public blockchains are also relatively inactive, as opposed to private blockchains, which do not conceal the identities of those involved in the transaction.
What are the four parts of a blockchain?
Abstract. The blockchain architecture is made up of several components, including a peer network, smart contracts, membership, events, a ledger, system integration, a wallet, and system management.
Is Bitcoin unrestricted or restricted?
Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and Dogecoin are examples of popular blockchain applications (DOGE). With these blockchains, anyone can join the network, send and receive transactions, run a node, view, copy, and contribute code, and actively engage in the decentralized network.
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