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Certified Blockchain Business Foundations Question and Answers

Certified Blockchain Business Foundations

Last Update May 2, 2024
Total Questions : 84

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Questions 1

Blockchain transaction code categorizes the data put into blocks.

Options:

A.  

True

B.  

False

Discussion 0
Questions 2

Blockchain is always a better alternative to a standard database.

Options:

A.  

True

B.  

False

Discussion 0
Questions 3

Cryptocurrencies are a security regulated by the Securities and Exchange Commission.

Options:

A.  

True

B.  

False

Discussion 0
Questions 4

The transaction has contained in a block is the ___________.

Options:

A.  

Metadata used for ID

B.  

Same as the user private key

C.  

Digital fingerprint of the block

D.  

Unique number to show it’s a Bitcoin block

Discussion 0
Questions 5

Blockchain 3.0 combined with the internet 3.0 will dramatically increase Blockchain use?

Options:

A.  

True

B.  

False

Discussion 0
Questions 6

How does Blockchain use hashing? Select all that apply.

Options:

A.  

To condense information making it easy to compare large amounts of data.

B.  

To chain together blocks

C.  

To provide anonymity with public key cryptography

D.  

To select which node to use

E.  

All of the above

Discussion 0
Questions 7

Transparency allows_____________.

Options:

A.  

a trustless system where users can be certain of a result

B.  

easy iteration through the Blockchain

C.  

Records on the Blockchain to never be changed

D.  

users on the Blockchain to change data on the Blockchain

Discussion 0
Questions 8

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

Discussion 0
Questions 9

In its simplest state, a ledger_______________.

Options:

A.  

determines which node stores the assets

B.  

records the transfer of an asset between participants

C.  

proves ownership on the Blockchain

D.  

provides privacy to users on the Blockchain

Discussion 0
Questions 10

Blockchain applications can provide____________________.

Options:

A.  

the elimination of intermediaries

B.  

building more trust between trusted parties

C.  

collaboration between trusted parties

D.  

better cooperation between banks

Discussion 0
Questions 11

A Blockchain provides______________.

Options:

A.  

true information by all parties involved

B.  

a trusted transaction between untrusted parties

C.  

the easiest way to conduct international transactions

D.  

only trusted banks for conducting transactions

Discussion 0
Questions 12

The Blockchain ledger is commonly referred to as___________.

Options:

A.  

a database ledger

B.  

a triple-entry ledger

C.  

a double-entry ledger

D.  

a genesis block

Discussion 0
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