Blockchain Technology

It is a software protocol that allows for the secure transfer of unique instances of value over the internet without the need for a third party in between such as a bank or government.

• Blockchain Technology

• Bitcoin

• NFTs

• Chain Network

Which of the following structure of Blockchains link one block to another, mathematically “chaining” the transactions together?

• Network

• Block

• Chain

• Process

Which of the following is not the key concept of Blockchain Technology?

• Ledger

• Immutable

• Distributed Network

• Alterable History

It is a unique digital asset that represents ownership of real-world items like art, video clips, music, and more.

• Blockchain

• NFT

• Cryptocurrencies

• Bitcoins

Which of the following Blockchain technologies is preferred by consortiums with trusted members who trade sensitive information?

• Hybrid Blockchains

• Public Blockchains

• Private Blockchains

• Permissioned Blockchains

Which of the following is the function of Blockchain Technology?

• Blockchain contains transaction data, it’s not a replacement for databases.

• Blockchain contains transaction data, so, it’s a replacement for databases.

• Blockchain replaces databases, messaging technology, transaction processing and business processes.

• Blockchain and databases are exactly the same.

Which of the following is the verified proof of Blockchain Technology?

• earnings

• name and address

• location

• transactions

What is the primary benefit of immutability?

• Scalability

• Tamper-proof

• Resiliency

• Increased efficiency

By its definition, what is a blockchain?

• A centralized ledger

• A type of cryptocurrency

• An exchange transaction

• A distributed ledger on a peer to peer network

Which of the following is not the benefit of Blockchain Technology?

• Public Perception

• Security and Privacy

• Immutability

• Control of Data