Official Answer Key & Detailed Solution
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Correct Answer: Option (D) — 1 and 3 only
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is correct: A public blockchain operates as a distributed, tamper-evident digital ledger that is transparent and open for verification by all network participants without centralized control by a single entity.
Statement 2 is incorrect: Blockchain is a generalized foundational technology that can store any structured digital information, extending across diverse domains such as supply chain management, voting, land registries, intellectual property, and health records, not just cryptocurrencies.
Statement 3 is correct: Public, permissionless blockchains (like Ethereum or Bitcoin) are open-source platforms that allow developers to build decentralized applications (dApps) and deploy smart contracts without requiring authorization from any central authority.
Extreme keyword rule: Statement 2 uses 'all' and 'only' ('all the data in it is about crypto currency only'). Such restrictive claims are almost always false in technology questions.
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