Traps & Myths

Consider the following statements:

Statement I:

Blockchain technology was popularised through Bitcoin but is not limited to cryptocurrencies.

Statement II:

Bitcoin is one application built on a specific implementation of blockchain.

Statement III:

All blockchain systems necessarily require cryptocurrency tokens to function.

Which one of the following is correct in respect of the above statements?

Only one of Statement II and III is correct and that explains Statement I.

Both Statement II and Statement III are correct and both explain Statement I.

Both Statement II and Statement III are correct but only one explains Statement I.

Neither Statement II nor Statement III is correct.

Conceptual Traps