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Questions # 1:

A smart contract on the Blockchain provides __________. Select all that apply

Options:
A.

Specific actions to be taken on events or transactions

B.

The same contracts a bank provides

C.

A set of business conditions that must be met

D.

Better anonymity of those making transactions

Questions # 2:

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

Questions # 3:

What is Ethereum?

Options:
A.

Another name for Bitcoin

B.

A platform for creating decentralized applications

C.

A currency

D.

Another name for Blockchain

Questions # 4:

____________ledger technology is referred to as DLT.

Options:
A.

Distributed

B.

Decentralized

C.

Database

D.

All of the above

E.

None of the above

Questions # 5:

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

Questions # 6:

Blockchain is the same as Bitcoin.

Options:
A.

True

B.

False

Questions # 7:

How are blocks chained together?

Options:
A.

By sharing the same transaction details

B.

Information of the previous block is embedded into the current block through hashing

C.

Information of the current block is embedded into the genesis block

D.

With a physical chain

Questions # 8:

What are the drawbacks of using Blockchain? Select all that apply

Options:
A.

High cost of developers

B.

Changing technology and the lack of a stable standard

C.

Its use of cryptography

D.

Its use of new applications

Questions # 9:

What is a node in a Blockchain? Select all that apply.

Options:
A.

A block

B.

Certificate Authority

C.

A miner

D.

A computer running on the Blockchain

Questions # 10:

Why is a private Blockchain used instead of a public one?

Options:
A.

To limit user access and permissions

B.

It is less expensive to develop

C.

It requires less mining power than a public Blockchain

D.

It requires fewer administrators to manage it

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