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    219 views6 pages

    Chapter 3 ETI-22618

    Uploaded by

    Abhijit chavan
    gupcuff in the world and the most of the day of the day of the day of the year ahead of the day and the most common and the world ? you have 6

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 6

    1.

    Blockchain is a peer-to-peer _____________ distributed ledger technology


    that makes the records of any digital asset transparent and unchangeable.

    A. Decentralized
    B. Demanding
    C. Secure
    D. Popular

    Answer: A) Decentralized

    2. Bitcoin is a cryptocurrency, which is an application of Blockchain.

    A. True
    B. False

    Answer: A) True

    3. Blockchain can perform user transactions without involving any third-


    party intermediaries.

    A. With the help of the third party


    B. Without involving any third party
    C. Without involving any owned
    D. Without involving any authenticated

    Answer: B) Without involving any third party

    4. What does P2P stand for?

    A. Peer to Peer
    B. Product to Product
    C. Password to Password
    D. None of the above

    Answer: A) Peer to Peer

    5. Blockchain has ____ versions.

    A. 2
    B. 3
    C. 4
    D. 5

    Answer: B) 3

    6. Who introduced the digital online cryptocurrency known as Bitcoin?

    A. Satoshi Nakamoto
    B. Nick Szabo
    C. Wei Dai
    D. Hal Finney

    Answer: A) Satoshi Nakamoto

    7. A blockchain enables peer-to-peer transfer of digital currency without


    any intermediaries such as banks.

    A. False
    B. True

    Answer: B) True

    8. Did Blockchain enable a centralized or a decentralized system for the


    exchange of value?

    A. Decentralized
    B. Centralized
    C. None of the above
    D. Can't say

    Answer: A) Decentralized

    9. What does a block in a Blockchain have?

    A. Header & Digital ledger


    B. Bitcoins & Input
    C. Transactions & Bitcoins
    D. Header & Transaction
    Answer: D) Header & Transaction

    10. What is the genesis block?

    A. Any block created by the founder


    B. The last block created in the Blockchain
    C. The first block of a Blockchain
    D. The first transaction in each block

    Answer: C) The first block of a Blockchain

    11. What is Blockchain?

    A. A currency
    B. A ledger
    C. A type of currency
    D. A distributed ledger on a peer-to-peer network

    Answer: D) A distributed ledger on a peer-to-peer network

    12. Bitcoin is based on _________ blockchain.

    A. Private
    B. Public
    C. Public Permissioned
    D. Permissioned

    Answer: B) Public

    13. BATM stands for _____.

    A. Bounded access transaction machine


    B. Broadcast ATM
    C. Bitcoin ATM
    D. Blockchain ATM

    Answer: C) Bitcoin ATM

    14. What is a DApp?


    A. A type of cryptocurrency
    B. A condiment
    C. A type of blockchain
    D. A decentralized application

    Answer: D) A decentralized application

    15. Which is/are the applications of Blockchain?

    A. Cross-border payments
    B. Anti-money laundering tracking system
    C. Supply chain and logistics monitoring
    D. All the above

    Answer: D) All the above

    16. What is a smart contract?

    A. Programs stored on a blockchain that run when predetermined conditions


    are met
    B. Online contract
    C. Digital contract
    D. All the above

    Answer: A) Programs stored on a blockchain that run when predetermined


    conditions are met

    17. Blockchain is a ______ ?

    A. Push technology
    B. Pull technology
    C. Both push and pull technology
    D. None of the above

    Answer: A) Push technology

    18. What is a miner?

    A. A type of blockchain
    B. An algorithm that predicts the next part of the chain
    C. A person doing calculations to verify a transaction
    D. Computers that validate and process blockchain transactions

    Answer: D) Computers that validate and process blockchain transactions

    19. Where is a Blockchain’s central server?

    A. Where the blockchain is created


    B. Located with the owner of the server
    C. There is no central server, it is distributed
    D. Ordered Node

    Answer: C) There is no central server, it is distributed

    20. Blockchain does not provide?

    A. Security
    B. Immutability
    C. Fault tolerance
    D. Fast transaction time

    Answer: D) Fast transaction time

    21. Bitcoin is created by ______.

    A. Saifedean Ammius
    B. Satoshi Nakamoto
    C. Vitalik Buterin
    D. None of these

    Answer: B) Satoshi Nakamoto

    22. Decentralized blockchains are immutable?

    A. True
    B. False
    C. Can be true or false
    D. Cannot say
    Answer: A) True

    23. A blockchain is a type of?

    A. Object
    B. Database
    C. Table
    D. View

    Answer: B) Database

    24. What does UTXO stand for?

    A. Unspent Trade Offer


    B. Unspent Transaction xeroxed Output
    C. Unique Transaction Offer
    D. Unspent Transaction Output

    Answer: D) Unspent Transaction Output

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