Consider the following statements about Blockchain technology:

Blockchain technology inherently provides data immutability.

Blockchain operates on a decentralized network.

Blockchain maintains chronological order of data.

Which of the above statements is / are correct?

Question

All of these observations regarding blockchain technology are correct.

Blockchain inherently provides data immutability: it is designed so that once data is recorded, it cannot be easily altered or deleted.
Blockchain operates on a decentralized network: transactions are verified and recorded by a network of distributed nodes, not a central authority.
Blockchain maintains chronological order of data: every block in the chain is timestamped and linked to the previous one, establishing a clear, unalterable sequence of events.

GKToday Admin · Accepted Answer

1, 2 & 3 All of these observations regarding blockchain technology are correct.

Blockchain inherently provides data immutability: it is designed so that once data is recorded, it cannot be easily altered or deleted.
Blockchain operates on a decentralized network: transactions are verified and recorded by a network of distributed nodes, not a central authority.
Blockchain maintains chronological order of data: every block in the chain is timestamped and linked to the previous one, establishing a clear, unalterable sequence of events.