ExamGecko
Home / Blockchain / CBSA / List of questions
Ask Question

Blockchain CBSA Practice Test - Questions Answers, Page 9

List of questions

Question 81

Report Export Collapse

Which of the following blockchain key components state how the transactions will be confirmed?

Distributed Ledger database
Distributed Ledger database
Validity Rules
Validity Rules
Consensus Algorithm
Consensus Algorithm
Encryption
Encryption
Suggested answer: B
Explanation:

Validity rules (validation) state how the user and the transactions will be validated. This is predetermined by the consensus algorithm.

asked 16/09/2024
Oleksandr Kondratchuk
36 questions

Question 82

Report Export Collapse

A chaincode package that was signed at creation can be handed over to other owners for inspection and signing in Hyperledger. Is it true that the workflow supports out-of-band signing of chaincode package?

TRUE
TRUE
FALSE
FALSE
Suggested answer: A
Explanation:

A chaincode package that was signed at creation can be handed over to other owners for inspection and signing. The workflow supports out-of-band signing of chaincode package.

Reference: http://hyperledger-fabric.readthedocs.io/en/release-1.1/chaincode4noah.html

asked 16/09/2024
Nicoleta Moglan
40 questions

Question 83

Report Export Collapse

___________is advantageous because it presents scalability and low cost transactions, but like DPoS introduces a component of centralization. What algorithm is being referenced here?

Byzantine Fault Tolerance
Byzantine Fault Tolerance
Hashgraph
Hashgraph
Proof of Stake
Proof of Stake
Proof of Work
Proof of Work
DAG
DAG
Suggested answer: A
Explanation:

BFT is notably implemented by Ripple (where validators are pre-selected by the Ripple foundation) and Stellar (where anyone can be a validator and trust is established by the community). BFT is advantageous because it presents scalability and low cost transactions, but like DPoS introduces a component of centralization.

Reference: https://hackernoon.com/an-overview-of-cryptocurrency-consensus-algorithms-9d744289378f

asked 16/09/2024
Tony Minjarez
46 questions

Question 84

Report Export Collapse

In Hashcash, miners all compete to look for a so called. "____________"which, if provided as input (together with other parts of a block header) to a hash function, yields an output that's numerically small enough to claim the next block reward.

Difficulty bits
Difficulty bits
Nonce
Nonce
Merkle Root
Merkle Root
Timestamp
Timestamp
Suggested answer: B
asked 16/09/2024
Denis Mourghen
51 questions

Question 85

Report Export Collapse

You currently on a conference call with an executive from a too big to fail bank. They are validating that they want to use Quorum or another enterprise blockchain. They specifically want to know what type of consensus algo it uses and what industry for the Quorum blockchain targets.

BFT, cross industry
BFT, cross industry
POS, Financial only
POS, Financial only
Majority voting, Financial only
Majority voting, Financial only
Majority voting, cross industry
Majority voting, cross industry
POW, cross industry
POW, cross industry
Suggested answer: D
Explanation:

Reference: https://www.horsesforsources.com/top-5-blockchain-platforms_031618

asked 16/09/2024
Peter Lilley
56 questions

Question 86

Report Export Collapse

______________is supposed to be the constant cost of network resources/utilization in the Ethereum blockchain? What is the constant?

Wei
Wei
Tether
Tether
Gas
Gas
Ether
Ether
Suggested answer: C
Explanation:

Gas is supposed to be the constant cost of network resources/utilization. You want the real cost of sending a transaction to always be the same, so you can't really expect Gas to be issued, currencies in general are volatile. So instead, we issue ether whose value is supposed to vary, but also implement a Gas Price in terms of Ether. If the price of ether goes up, the Gas Price in terms of ether should go down to keep the real cost of Gas the same. Reference: http://ethdocs.org/ en/latest/ether.html

asked 16/09/2024
Tom Rez
39 questions

Question 87

Report Export Collapse

You are currently consulting with an organization that ships widgets overseas. They would like to implement a Hyperledger Fabric and would like to know about how to use cryptocurrencies with Hyperledger Fabric.

What is the best answer?

If they need a native currency for their chain network, they can develop their own native currency with chaincode.
If they need a native currency for their chain network, they can develop their own native currency with chaincode.
Hyperledger Fabric can be integrated with any crypto currency by using the proper APIs.
Hyperledger Fabric can be integrated with any crypto currency by using the proper APIs.
If they need a native currency for their chain network, they must use Ripple currency with chaincode.
If they need a native currency for their chain network, they must use Ripple currency with chaincode.
If they need a native currency for their chain network, they must use Ethereum currency with chaincode.
If they need a native currency for their chain network, they must use Ethereum currency with chaincode.
Hyperledger Fabric does not support cryptocurrencies.
Hyperledger Fabric does not support cryptocurrencies.
Suggested answer: A
Explanation:

If you really need a native currency for your chain network, you can develop your own native currency with chaincode. One common attribute of native currency is that some amount will get transacted (the chaincode defining that currency will get called) every time a transaction is processed on its chain.

Reference: http://hyperledger-fabric.readthedocs.io/en/release-1.1/Fabric-FAQ.html#endorsement

asked 16/09/2024
Alexandru Ouatu
51 questions

Question 88

Report Export Collapse

Is it possible to access the blockchain via an Ethereum Node?

Yes
Yes
No
No
Suggested answer: A
Explanation:

True You can interact with the blockchain using RPC via HTTP POST requests. You can find out more about the JSON-RPC API here. Although you can use RPC to communicate with a local node you can also use it to hook up with a remote node. To send requests to the local node we address them to http://127.0.0.1:8545 (Geth exposes the RPC service on port 8545).

Reference: https://datawookie.netlify.com/blog/2018/01/ethereum-running-a-node/

asked 16/09/2024
Sharon Sandhu
48 questions

Question 89

Report Export Collapse

Which of the following enterprise blockchain platforms does not have smart contract functionality?

Ethereum
Ethereum
Quorum
Quorum
R3 Corda
R3 Corda
Hyperledger Fabric
Hyperledger Fabric
Ripple
Ripple
Suggested answer: E
Explanation:

Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Reference: https://ripple.com/

asked 16/09/2024
Henny Smit
43 questions

Question 90

Report Export Collapse

You have flown to NYC to have a discussion with a technical executive of a too big to fail bank. You are having a discussion about blockchain algos and the customer is asking what are some disadvantages of using a POW algo?

Centralization of blockchain control
Centralization of blockchain control
Only use case for computational power is blockchain
Only use case for computational power is blockchain
Large expenditures for computational power
Large expenditures for computational power
Not profitable for miners
Not profitable for miners
51% attack mitigation
51% attack mitigation
Suggested answer: C, E
Explanation:

The main disadvantages are huge expenditures, "uselessness" of computations and 51 percent attack. Reference: https://cointelegraph.com/explained/proof-of- work-explained

asked 16/09/2024
Sae Frrr
32 questions
Total 230 questions
Go to page: of 23
Search