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Blockchain CBSA Practice Test - Questions Answers, Page 16

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Question 151

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Blockchain systems assume all parties are trusted by all other parties in the exchange or ecosystem.

FALSE
FALSE
TRUE
TRUE
Suggested answer: A
asked 16/09/2024
Gina Diaz
33 questions

Question 152

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All blockchain networks and systems require autonomous on-chain code in order to process transactions.

FALSE
FALSE
TRUE
TRUE
Suggested answer: A
asked 16/09/2024
mostafa badawi
43 questions

Question 153

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The first actual known blockchain software implementation and deployment occurred:

In 1991 by Stuart Haber
In 1991 by Stuart Haber
In 2011 Markus Persson
In 2011 Markus Persson
In 2009 by Satoshi Nakamoto
In 2009 by Satoshi Nakamoto
In 1991 by Linus Torvalds
In 1991 by Linus Torvalds
Suggested answer: C
asked 16/09/2024
Thomas Drilling
43 questions

Question 154

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Which of these technical components best represents why cryptocurrency is able to operate successfully?

An immutable digital ledger that is validated and distributed across many peers
An immutable digital ledger that is validated and distributed across many peers
Using API calls, cryptocurrency having a direct correlation to USD exchange rates
Using API calls, cryptocurrency having a direct correlation to USD exchange rates
High performance computing power allows cryptocurrency to be minted just as a central government might do with fiat currency
High performance computing power allows cryptocurrency to be minted just as a central government might do with fiat currency
Blockchain cryptocurrency transactions are always public which generates user trust and adoption
Blockchain cryptocurrency transactions are always public which generates user trust and adoption
Suggested answer: A
asked 16/09/2024
Gary Corley
38 questions

Question 155

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Some of the various consensus models employed by public blockchain networks include:

Proof of Work
Proof of Work
Proof of Importance
Proof of Importance
Proof of Stake
Proof of Stake
All of the above
All of the above
Suggested answer: D

Explanation:

Reference: https://101blockchains.com/consensus-algorithms-blockchain/

asked 16/09/2024
Pablo Hilario
38 questions

Question 156

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Blockchains only work to store financial transactions or other exchanges of monetary value.

TRUE
TRUE
FALSE
FALSE
Suggested answer: B
asked 16/09/2024
Joseph Mwaura
29 questions

Question 157

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Adding more nodes to a blockchain network has which effect?

Increased centralization
Increased centralization
Increased security
Increased security
Decreased costs
Decreased costs
Increased performance
Increased performance
Suggested answer: B
asked 16/09/2024
Michael Grisonichi
39 questions

Question 158

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Which of following scenarios and datasets would be best suited to be utilized by a blockchain solution?

Scenario: Online game, Dataset: Unique Items In Game, Battles Won, Quests Completed
Scenario: Online game, Dataset: Unique Items In Game, Battles Won, Quests Completed
Scenario: Mobile app for inspirational quotes; Dataset: First Name, Last Name, Quote of the Day
Scenario: Mobile app for inspirational quotes; Dataset: First Name, Last Name, Quote of the Day
Scenario: Sales (CRM) website; Dataset: Hot Lead Count, Lead Score, Lead Fullname, Today's Tasks
Scenario: Sales (CRM) website; Dataset: Hot Lead Count, Lead Score, Lead Fullname, Today's Tasks
All of the above
All of the above
Suggested answer: A

Explanation:

Reference: https://medium.com/crowdbotics/examples-of-blockchain-games-and-how-they-work-7fb0a1e76e2e

asked 16/09/2024
khalid Hassan
33 questions

Question 159

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What does the acronym DAO represent?

Distributed Autonomous Operations
Distributed Autonomous Operations
Distributed Anonymous Organization
Distributed Anonymous Organization
Distributed Anonymous Operations
Distributed Anonymous Operations
Decentralized Autonomous Organization
Decentralized Autonomous Organization
Suggested answer: D

Explanation:

Reference: https://en.wikipedia.org/wiki/Decentralized_autonomous_organization

asked 16/09/2024
Roberto Pili
29 questions

Question 160

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An on-chain Smart Contract might be considered autonomous in nature because:

It is difficult to alter or update
It is difficult to alter or update
Once it is deployed, it can never be revoked
Once it is deployed, it can never be revoked
Once it is deployed, it is self-managing
Once it is deployed, it is self-managing
All of the above
All of the above
Suggested answer: B
asked 16/09/2024
Florence Li
39 questions
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