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Pass the Blockchain Business Foundations CBBF Questions and answers with ExamsMirror

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Questions # 1:

Blockchain does not provide?

Options:

A.

Security

B.

Immutability

C.

Fault tolerance

D.

Fact Transaction time

Questions # 2:

What are the drawbacks of using Blockchain? Select all that apply

Options:

A.

High cost of developers

B.

Changing technology and the lack of a stable standard

C.

Its use of cryptography

D.

Its use of new applications

Questions # 3:

Which Blockchain protocol uses Proof of Work Consensus? Select all that apply

Options:

A.

Hyperledger

B.

Corda

C.

Bitcoin

D.

Ethereum

E.

All of the above

Questions # 4:

The cryptocurrency Bitcoin is__________.

Options:

A.

another application that runs on a Blockchain

B.

the same as all other cryptocurrencies

C.

replacing bartering in many parts of the world

D.

a replacement currency for the U.S. dollar

Questions # 5:

What does immutable mean?

Options:

A.

Fault tolerant

B.

Unable to be changed

C.

Highly secure

D.

None of the above

Questions # 6:

What is dApp?

Options:

A.

A decentralized application

B.

A dishonest application

C.

A decoded application

D.

A distributed application

Questions # 7:

One of Blockchain's primary uses of cryptography is ___________.

Options:

A.

Keeping the IP addresses a secret

B.

Allowing users to communicate with each other anonymously

C.

Keeping the network configuration a secret.

D.

Providing a public and private encryption key

Questions # 8:

Blockchain allows for which of the following?

Options:

A.

Anonymous Cryptography

B.

Trust in central authorities

C.

A fast and efficient ledger

D.

A peer to peer ledger without the need of a third party

Questions # 9:

Blockchain is always distributed.

Options:

A.

True

B.

False

Questions # 10:

Who governs a Blockchain?

Options:

A.

The users

B.

The architects

C.

The creator of the Blockchain

D.

The developers

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