BLOCKCHAINF MCQs
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EXIN Blockchain Foundation Certification
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How is Blockchain benefiting voting?
By revealing the identity of each voter and who or what they voted for
By controlling who gets to vote
By only allowing a certain number of votes per person
By allowing voters to trust their vote has been counted
Which of the following statements sums up the Proof of Work consensus process?
Miners complete to find a nonce results in a hash that starts with a predetermined number of leading zeros.
Miners put up a stake. A miner is then selected based on stake value to add a new block to the chain. If a miner adds an invalid block to the chain, that miner loses their stake.
All nodes agree on the data of the transaction.
Miners send assets to an inactive address. This process selects the next owner of a block.
The Ethereum Blockchain provides a/an virtual machine.
Windows compatible
energy efficient
Linux compatible
turing-complete
Which Blockchain protocol uses Proof of Work Consensus? Select all that apply
Hyperledger
Corda
Bitcoin
Ethereum
All of the above
One of the big issues that new financial transaction Blockchain solutions face is .
increasing the number of transactions per second (TPS)
the inability to find use cases
solving user identity
getting banks to cooperate
Once a record is stored on the Blockchain .
the record is moved to a secure server
the record is stored on a central node
it can be changed by an authorized person
the record is permanent
Explanation:
Reference can be changed by an authorized person
An asset is defined as .
all records on a database
any data on the ledger
anything of value requiring accountability of ownership
any record on a private network
One solution to increasing Blockchain Transactions Per Second (TPS) is .
adding more network nodes
off-chain transactions
using faster microprocessors
fewer regulations
Blockchain applications can provide .
the elimination of intermediaries
building more trust between trusted parties
collaboration between trusted parties
better cooperation between banks
A Blockchain does NOT provide which attribute?
Security through distribution
Anonymity through cryptography
Fault Tolerance through distribution
Immutability through hashing
ledger technology is referred to as DLT.
Distributed
Decentralized
Database
All of the above
None of the above
In a private business Blockchain, transactions are endorsed by .
only relevant business participants
only the smart contract developer
all the nodes on the Blockchain
all participants with access to the network
Blockchain allows for which of the following?
Anonymous Cryptography
Trust in central authorities
A fast and efficient ledger
A peer to peer ledger without the need of a third party
Smart Contracts DO NOT provide .
Authority
Anonymity
Efficiency
Accuracy
The transaction hash contained in a block is the .
unique number to show it??s a Bitcoin block
same as the user private key
digital fingerprint of the block
metadata used for ID
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