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FINMAR Part3

finmar

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9 views

FINMAR Part3

finmar

Uploaded by

frenzuaavellanoza1222
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1.

Statement I: Hybrid blockchain networks are private blockchains that allow special
access for authorized individuals.
Statement II: Consortium blockchains have both public and private components,
except multiple organizations will manage a single consortium blockchain network.
Statement III: Only one authority manages a private blockchain network.

a. True, False, True


b. False, True, False
c. False, True, True
d. True, True, True

2. Statement I: Cryptocurrencies are typically not managed or operated by a single


body in any single country.
Statement II: Companies can use private blockchains to customize their accessibility
and authorization preferences, parameters to the network, and other important
security options.
Statement III: In a sidechain blockchain, some parts of the blockchain are public and
transparent, while others are private and accessible only to authorized and specific
participants.
a. True, True, True
b. True, False, False
c. True, False, True
d. True, True, False

3. In 2009, , the pseudonym of the still unknown creator, released Bitcoin.


a. David Chaum
b. Satoshi Nakamoto
c. Satoshi Nakamotu
d. David Chauf

4. What are the characteristics of cryptocurrency?


I. Intangible
II. Decentralized
III. Illiquid
IV. Volatile
a. I, II, IV
b. I, II
c. I, II, III
d. I, II, III, IV

5. Statement I: Consortium blockchains also help to eliminate certain challenges and


issues, such as security flaws and centralization.
Statement II: With distributed ledger technology, data is distributed across a peer-to-
peer network, rather than being stored in a single location.
Statement III: Sidechains can also be used to handle transactions of the main
blockchain to reduce congestion and increase scalability.
a. True, True, True
b. True, True, False
c. False, True, False
d. False, True, True

6. Statement I: Alongside with volatility risk, cryptocurrencies are also linked with
liquidation issues.
Statement II: Cryptocurrencies operate on blockchain technology that is fully public
and immutable, meaning it cannot be changed, manipulated, or deleted.
Statement III: Cryptocurrencies’ blockchains are highly secured so it is immune to the
threat of hacking.
a. True, True, True
b. False, True, False
c. True, True, False
d. False, True, True

7. He developed eCash in 1983 and founded DigiCash in 1989.


a. Satoshi Nakamoto
b. Satashi Nakamoto
c. Satshi Nakamoto
d. None of the above

8. Statement: If one sends an instruction to transfer using cryptocurrency, anyone using


the network will see the message.
Statement II: Miners validate and authenticate transactions using cryptocurrency.
Statement III: Banks and other financial institutions must validate the transactions to
complete the transfer crypto.
a. True, True, False
b. True, False, False
c. False, True, False
d. False, False, False

9. blockchains are the combination of both public and private blockchains.


a. Sidechain
b. Consortium
c. Permissioned
d. None of the above

10. Statement I: A lack of regulation in cryptocurrencies can unfortunately lead to fraud


and scams.
Statement II: Cryptocurrencies are considered as of low cost in sending a large
amount of digital currency.
Statement III: Cryptocurrencies operate on blockchain technology that is fully public
and immutable, meaning it cannot be changed, manipulated, or deleted.
a. True, False, True
b. True, True, True
c. False, True, False
d. False, False, False

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