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Certified Blockchain Business Foundations

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Total Questions : 84

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Question # 1

One solution to increasing Blockchain Transactions Per Second (TPS) is________.

Options:

A.  

adding more network nodes

B.  

off-chain transactions

C.  

using faster microprocessors

D.  

fewer regulations

Discussion 0
Question # 2

What does a Merkle tree provide?

Options:

A.  

Efficient block lookups and protection against forgery

B.  

Anonymity and transparency

C.  

A Turing complete distributed network

D.  

A way to deploy smart contracts onto the Blockchain

E.  

All of the above

Discussion 0
Question # 3

What is a Blockchain?

Options:

A.  

A digital currency

B.  

An unchangeable record

C.  

A database of usable secret data

D.  

A Smart Contract

E.  

All of the above

Discussion 0
Question # 4

What does P2P stand for?

Options:

A.  

Person to Person

B.  

Public to Person

C.  

Peer to Peer

D.  

Product to Person

E.  

None of the above

Discussion 0
Question # 5

One of the great advantages of creating a new Blockchain solution is__________.

Options:

A.  

the ability to completely customize a unique business solution

B.  

combining Blockchain technologies to fit your business solution

C.  

merging your existing network technology into a new Blockchain solution

D.  

not being limited to a conventional business solution or restriction

E.  

All of the above

Discussion 0
Question # 6

What is a hash function?

Options:

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

Discussion 0
Question # 7

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

Options:

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

Discussion 0
Question # 8

Blockchain has more built-in security than a standard database.

Options:

A.  

True

B.  

False

Discussion 0
Question # 9

Transactions per second (TPS) for a Proof-of-Work Blockchain are approximately?

Options:

A.  

24K per second

B.  

175K per second

C.  

Only limited to the number of nodes on the network

D.  

7-15 per second

E.  

None of the above

Discussion 0
Question # 10

Who governs a Blockchain?

Options:

A.  

The users

B.  

The architects

C.  

The creator of the Blockchain

D.  

The developers

Discussion 0
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