How Does Blockchain Use Hashing? Select All That Apply

question 49

Multiple Choice

How does Blockchain use hashing? Select all that apply.

• A) To condense information making it easy to compare large amounts of data.
• B) To chain together blocks
• C) To provide anonymity with public key cryptography
• D) To select which node to use
• E) All of the above

---

Definitions:

Journal Entries

Journal entries are the basic means of recording financial transactions in the accounting system, consisting of debits and credits.

Double-declining-balance Method

An accelerated depreciation method that doubles the regular depreciation rate, allowing faster write-off of asset value.

Straight-line Method

Straight-line Method is a depreciation technique that allocates an equal amount of depreciation expense for an asset over its useful life, representing a consistent annual charge.

Book Value

Book value refers to the net value of an asset calculated as the original cost minus any depreciation, amortization, or impairment costs.