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:

Restrictive Endorsement

A limitation placed on the use of a check or other negotiable instrument, specifying the conditions under which it can be transferred.

Blank Endorsement

A signature on a financial instrument, such as a check, that specifies no particular payee, allowing any holder of the instrument to cash or deposit it.

Rubber Stamp

A tool used to imprint designs or text on a surface with ink, often used metaphorically to describe automatic approval without careful consideration.

Accounts Receivable Subsidiary Ledger

A detailed ledger that contains individual accounts for customers who owe money to the business, supporting the control account in the general ledger.