What Is the Best Definition of Chaincode with Hyperledger

question 55

Multiple Choice

What is the best definition of chaincode with Hyperledger?

• A) Chaincode is a decentralized transactional program, running one the validating nodes.
• B) Chaincode is centralized transactional program, running on the validating nodes.
• C) Chaincode is centralized transactional program, running on the peer nodes.
• D) Chaincode is a decentralized transactional program, running on the peer nodes.

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Definitions:

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, to the bearer or to an identified party.

Words of Negotiability

Specific phrases or wording required on financial instruments that allow them to be transferred or assigned freely.

Bearer Instrument

A negotiable financial instrument that designates payment to whoever holds or bears the instrument at the time of payment, with no need to prove ownership.

Bearer Instrument

A type of negotiable instrument (such as a bond or check) that is payable to whomever has possession of the instrument, making them the owner.