Blockchain Day1

Blockchain Day1

1st Grade

26 Qs

quiz-placeholder

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Blockchain Day1

Blockchain Day1

Assessment

Quiz

Computers

1st Grade

Medium

Created by

steve loy

Used 8+ times

FREE Resource

26 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Blockchain is:

a. A record keeping system.

b. An event tracking system.

c. A workflow platform.

d. a and b

d. a and b

e. All of the above.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Double-entry accounting is:

a. A method for tracking information

b. A record for tracking debits and credits

c. A record for tracking debits, credits, and an immutable link to all past debits and credits

d. The ledger for an investor’s portfolio that includes the current price of their investment

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which statement is true about Blockchain:

a. Changing the data on any block will result in a different hash

b. A block is made up of 25 lines or records

c. Chain refers to the program that physically links blocks together

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Group Consensus is reached when how many members agree?

a. 10%

b. 51% or more

c. 100%

d. 49% or more

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Blocks in Blockchain are “chained” together by:

a. Adding a pointer in the ledger to the previous block.

b. By taking a picture of the block being added with the block behind it.

c. By embedding the genesis block into the header of the new block.

d. By hashing the previous block and embedding that hash into the new block’s header.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a type of Blockchain transaction?

a. Two or more parties, exchange of monetary value such as cryptocurrency.

b. Two or more parties, but no exchange of monetary value such as updates to medical records.

c. One party announcing an important event such as supply chain management, business process

automation, creation/auditing of financial records.

d. All of the above are a type of Blockchain transaction

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A decentralized ledger acts as a trust broker, like a bank.

a. True

b. False

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