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Blockchain CBBF - Certified Blockchain Business Foundations

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Total 84 questions

What does P2P stand for?

A.

Person to Person

B.

Public to Person

C.

Peer to Peer

D.

Product to Person

E.

None of the above

How does the Bitcoin provide anonymity?

A.

Through Merkle trees

B.

Through public/private key cryptography

C.

Through consensus algorithms such as Proof of Work

D.

By publishing only the block address

E.

None of the above

What is a hash function?

A.

A one-way function that converts input to a unique string output

B.

A function that stores data behind a key

C.

A two-way function used for condensing information

D.

The block-ID of the block

E.

All the above

Where is a Blockchain's central server?

A.

Where the Blockchain is created

B.

Located with the owner of the server

C.

There is no central server, it is distributed

D.

Orderer Node

E.

None of the above

One of the big issues that new financial transaction Blockchain solutions face is____________.

A.

increasing the number of transactions per second (TPS)

B.

the inability to find use cases

C.

solving user identity

D.

getting banks to cooperate

Why is Blockchain important?

A.

It allows for a secure, global, and peer to peer record of data

B.

It provides anonymity when making transactions

C.

It is a free, trusted bank

D.

It replaces all ledgers

E.

All of the above

A distributed network is always decentralized.

A.

True

B.

False

How does a private Blockchain differ from a public one? Select all that apply.

A.

A private Blockchain does not use proof of work consensus

B.

A private Blockchain is more efficient and has faster transaction times

C.

A private Blockchain is not distributed

D.

A private Blockchain often requires the identity of users to be known

Which of these applications would be suited for a private Blockchain?

A.

financial transactions

B.

manufacturing supply chain

C.

medical records

D.

food traceability

E.

All of the above

Which of the following are practical use cases for Blockchain?

A.

Voting

B.

A video sharing website

C.

Medical records

D.

Identity management

E.

All of the above