ExamGecko
Search Search Login
Home Home / Blockchain / CBSA

Blockchain CBSA Practice Test - Questions Answers, Page 16

Question list
Search
Search
Open VPLUS File
Convert VPLUS to PDF

Related questions

Bitcoin implemented Byzantine Fault Tolerance through a system named:
In common blockchain design, what is one common method to "chain" blocks of data together in order?
A private blockchain like Hyperledger would be the right choice for which scenario:
Blockchains only work to store financial transactions or other exchanges of monetary value.
Which cryptocurrency is also known as "Smart Money" in the blockchain world?
What is the difference in using Go-Ethereum over Ganache?
In Ethereum the difficulty adjustment algorithm is coded in the ___________ file.
What are two challenges with using a Proof of Work algorithm? (Select two.)
Proof of Stake consensus is most often needed for and implemented by:
Consider the following scenario. A startup is building a chat app for smart phones where the messages sent between users are anonymous and get destroyed within 24 hours of being sent. Which architecture would best solve the product need?

Question 151

Report
Export
Collapse

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

A.
FALSE
A.
FALSE
Answers
B.
TRUE
B.
TRUE
Answers
Suggested answer: A

Question 152

Report
Export
Collapse

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

A.
FALSE
A.
FALSE
Answers
B.
TRUE
B.
TRUE
Answers
Suggested answer: A

Question 153

Report
Export
Collapse

The first actual known blockchain software implementation and deployment occurred:

A.
In 1991 by Stuart Haber
A.
In 1991 by Stuart Haber
Answers
B.
In 2011 Markus Persson
B.
In 2011 Markus Persson
Answers
C.
In 2009 by Satoshi Nakamoto
C.
In 2009 by Satoshi Nakamoto
Answers
D.
In 1991 by Linus Torvalds
D.
In 1991 by Linus Torvalds
Answers
Suggested answer: C

Question 154

Report
Export
Collapse


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

A.
An immutable digital ledger that is validated and distributed across many peers
A.
An immutable digital ledger that is validated and distributed across many peers
Answers
B.
Using API calls, cryptocurrency having a direct correlation to USD exchange rates
B.
Using API calls, cryptocurrency having a direct correlation to USD exchange rates
Answers
C.
High performance computing power allows cryptocurrency to be minted just as a central government might do with fiat currency
C.
High performance computing power allows cryptocurrency to be minted just as a central government might do with fiat currency
Answers
D.
Blockchain cryptocurrency transactions are always public which generates user trust and adoption
D.
Blockchain cryptocurrency transactions are always public which generates user trust and adoption
Answers
Suggested answer: A

Question 155

Report
Export
Collapse

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

A.
Proof of Work
A.
Proof of Work
Answers
B.
Proof of Importance
B.
Proof of Importance
Answers
C.
Proof of Stake
C.
Proof of Stake
Answers
D.
All of the above
D.
All of the above
Answers
Suggested answer: D

Explanation:

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

Question 156

Report
Export
Collapse

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

A.
TRUE
A.
TRUE
Answers
B.
FALSE
B.
FALSE
Answers
Suggested answer: B

Question 157

Report
Export
Collapse

Adding more nodes to a blockchain network has which effect?

A.
Increased centralization
A.
Increased centralization
Answers
B.
Increased security
B.
Increased security
Answers
C.
Decreased costs
C.
Decreased costs
Answers
D.
Increased performance
D.
Increased performance
Answers
Suggested answer: B

Question 158

Report
Export
Collapse

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

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

Explanation:

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

Question 159

Report
Export
Collapse

What does the acronym DAO represent?

A.
Distributed Autonomous Operations
A.
Distributed Autonomous Operations
Answers
B.
Distributed Anonymous Organization
B.
Distributed Anonymous Organization
Answers
C.
Distributed Anonymous Operations
C.
Distributed Anonymous Operations
Answers
D.
Decentralized Autonomous Organization
D.
Decentralized Autonomous Organization
Answers
Suggested answer: D

Explanation:

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

Question 160

Report
Export
Collapse

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

A.
It is difficult to alter or update
A.
It is difficult to alter or update
Answers
B.
Once it is deployed, it can never be revoked
B.
Once it is deployed, it can never be revoked
Answers
C.
Once it is deployed, it is self-managing
C.
Once it is deployed, it is self-managing
Answers
D.
All of the above
D.
All of the above
Answers
Suggested answer: B
Total 230 questions
Go to page: of 23
ExamGecko

Copyright @2023 ExamGecko | All right reserved

Mail us: [email protected]
About us
Contact us
Twitter X
Facebook
Medium
Convert VPLUS to PDF
Open VPLUS files Easily and Quickly
Privacy Policy
Disclaimer
Terms