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ETI Assignment 3-1

This document contains 30 multiple choice questions about blockchain technology asked in an assignment for a third year computer engineering class. The questions cover topics like the origins of blockchain, key blockchain concepts, applications of blockchain technology, and the different layers that make up blockchain networks.

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439 views

ETI Assignment 3-1

This document contains 30 multiple choice questions about blockchain technology asked in an assignment for a third year computer engineering class. The questions cover topics like the origins of blockchain, key blockchain concepts, applications of blockchain technology, and the different layers that make up blockchain networks.

Uploaded by

kabeersable007
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DEPARTMENT OF COMPUTER ENGINEERING

ACADEMIC YEAR 2023 – 2024

ETI(22618.

Assignment: 03

CLASS: CO6I (THIRD YEAR)

Q.1. The blockchain technology was introduced by _________ and _________.


a. Nick Szabo and Wei Dai
b. Hal Finney and Adam Back
c. Satoshi Nakamoto and Dorian Nakamoto
d. Stuart Haber and W. Scott Stornetta

Ans: d. Stuart Haber and W. Scott Stornetta

Q.2. In 2004, Cryptographic activist _________ presented a system for digital cash known as
“Reusable Proof Of Work”.
a. Nick Szabo
b. Hal Finney
c. David Chaum
d. Adam Back

Ans: b. Hal Finney


Q.3. Who authored the Bitcoin whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash
System"?
a. Nick Szabo
b. Wei Dai
c. Satoshi Nakamoto
d. Hal Finney

Ans: c. Satoshi Nakamoto

Q.4. In what year was the term blockchain coined?


a. 1991
b. 1992
c. 2008
d. 2009

Ans: c. 2008

Q.5. 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

Ans: a. Decentralized

Q.6. Blockchain is a peer-to-peer system of transaction values with trusted third parties in
between.
a. True
b. False

Ans: b. False

Q.7. Which of the following statements about blockchain technology is true?


a. It was initially created for centralized data storage.
b. It relies on a single central authority to validate transactions.
c. It enables decentralized and immutable record-keeping.
d. It is not transparent and does not allow public access to transaction history.

Ans: c. It enables decentralized and immutable record-keeping.


Q.8. Bitcoin is a cryptocurrency, which is an application of Blockchain.
a. True
b. False

Ans: a. True

Q.9. Who introduced the digital online cryptocurrency known as Bitcoin?


a. Nick Szabo
b. Hal Finney
c. Satoshi Nakamoto
d. W. Scott Stornetta

Ans: c. Satoshi Nakamoto

Q.10. What does a block in a Blockchain have?


a. Header & Digital ledger
b. Bitcoins & Input
c. Transactions & Bitcoins
d. Header & Transaction

Ans: d. Header and Transaction

Q.11. 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

Ans: c. The first block of the blockchain

Q.12. The master node on centralized systems which delegates all the tasks and distributes the
load is called _______.
a. Memory
b. Server
c. DNS
d. Sub node

Ans: b. Server
Q.13. The master node on centralized systems which delegates all the tasks and distributes the
load is called _______.
a. Memory
b. Server
c. DNS
d. Sub node

Ans: b. Server

Q.14. Which of these systems is more secure.


a. Centralized
b. Decentralized
c. Both A and B
d. None

Ans: b. Decentralized

Q.15. Decentralized systems are easy to design, maintain and govern.


a. True
b. False

Ans: b. False

Q.16. Which of these systems is more secure.


a. Centralized
b. Decentralized
c. Both A and B
d. None

Ans: b. Decentralized

Q.17. Which layer of the blockchain is responsible for facilitating interactions between users and
the blockchain network's functionalities?
a) Application Layer
b) Execution Layer
c) Semantic Layer
d) Propagation Layer

Ans: a) Application Layer


Q.18. In the context of blockchain, which layer handles the execution of smart contracts and
transactions?
a) Application Layer
b) Execution Layer
c) Semantic Layer
d) Propagation Layer

Ans: b) Execution Layer

Q.19. The layer of the blockchain responsible for ensuring the shared understanding of data and
transactions across the network is known as:
a) Application Layer
b) Execution Layer
c) Semantic Layer
d) Propagation Layer

Ans: c) Semantic Layer

Q.20. In blockchain technology, which layer is crucial for establishing agreement among
network participants on the validity of transactions and state changes?
a) Application Layer
b) Execution Layer
c) Semantic Layer
d) Consensus Layer

Ans: d) Consensus Layer


(Meaning of consensus: A general agreement)

Q.21. The layer that manages the interpretation and understanding of data within the blockchain
network is referred to as the:
a) Application Layer
b) Execution Layer
c) Semantic Layer
d) Propagation Layer

Ans: c) Semantic Layer

Q.22. Which layer of the blockchain focuses on the execution of smart contracts and
decentralized applications (DApps)?
a) Application Layer
b) Execution Layer
c) Semantic Layer
d) Propagation Layer

Ans: b) Execution Layer


Q.23. Which layer is primarily responsible for ensuring that the network nodes reach an
agreement on the current state of the blockchain?
a) Consensus Layer
b) Execution Layer
c) Semantic Layer
d) Propagation Layer

Ans: a) Consensus Layer

Q.24. The layer that deals with the transmission of data and blocks among nodes in the
blockchain network is called the:
a) Application Layer
b) Execution Layer
c) Semantic Layer
d) Propagation Layer

Ans: d) Propagation Layer

Q.26.Which industry is exploring blockchain technology to streamline international remittances


and cross-border payments?
a) Retail
b) Real Estate
c) Banking and Finance
d) Hospitality

Ans: c) Banking and Finance

Q.26. How can blockchain technology be beneficial in the voting process?


a) By ensuring anonymity and preventing voter fraud
b) By limiting access to voting records
c) By increasing centralization of voting systems
d) By slowing down the voting process

Ans: a) By ensuring anonymity and preventing voter fraud

Q.27.In what way does blockchain technology enhance cybersecurity?


a) By relying on a single point of failure
b) By decentralizing data storage and reducing the risk of hacking
c) By increasing vulnerabilities in the network
d) By limiting encryption techniques

Ans: b) By decentralizing data storage and reducing the risk of hacking


Q.28. Which of the following is a prominent use case of blockchain technology?
a) Weather forecasting
b) Social media networking
c) Supply chain management
d) Online gaming

Ans: c) Supply chain management

Q.29. What is a potential use case of blockchain technology in the realm of intellectual property
rights?
a) Enabling easier plagiarism of creative works
b) Simplifying copyright infringement issues
c) Providing transparent ownership records for digital assets
d) Increasing piracy of copyrighted materials

Ans: c) Providing transparent ownership records for digital assets

Q.30. How does blockchain technology enhance supply chain management?


a) By providing real-time tracking and traceability of products
b) By increasing production costs
c) By reducing transparency in the supply chain
d) By limiting access to supply chain data

Ans: a) By providing real-time tracking and traceability of products

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