Question 1
1 markBlockchain, in its basic form, is described as a digital ledger.
State what is meant by a digital ledger.
Model answer
A digital ledger is an electronic record of transactions.
Explanation
A ledger is a record of transactions, like an account book. A blockchain is a digital ledger: a time-stamped series of records of transactions that cannot be altered.
Mark scheme
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1 mark
An electronic/digital record (database) of (all) transactions
accept 'a list of transactions stored electronically'; do not accept 'a digital currency' or 'a type of money'