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Chapter 3 ETI-22618

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

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1K views6 pages

Chapter 3 ETI-22618

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

Uploaded by

Abhijit chavan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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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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