Blockchain CBBF Exam Questions Instant Access

Question 1

Why is Blockchain important?

AIt allows for a secure, global, and peer to peer record of data

BIt provides anonymity when making transactions

CIt is a free, trusted bank

DIt replaces all ledgers

EAll of the above

Answer : B

Question 2

One of the big issues that new financial transaction Blockchain solutions face is____________.

Aincreasing the number of transactions per second (TPS)

Bthe inability to find use cases

Csolving user identity

Dgetting banks to cooperate

Answer : A

Question 3

One of Blockchain's primary uses of cryptography is___________.

Akeeping the network configuration a secret

Bproviding a public and private encryption key

Callowing users to communicate with each other anonymously

Dkeeping the I.P. addresses a secret

Answer : B

Question 4

The height of a block is the______________ in the chain between it and the genesis block.

Ametadata that is

Bnumber of blocks

CMerkle tree hash

Dsize of the memory cache

Answer : B

Question 5

Which of the following are practical use cases for Blockchain?

AVoting

BA video sharing website

CMedical records

DIdentity management

EAll of the above

Answer : E

Question 6

A Blockchain is a/an _____________ shared ledger distributed system.

AAnonymous

BNewer version of a

CAppend-only

DConfidential

Answer : A

Question 7

A smart contract on the Blockchain provides __________. Select all that apply

ASpecific actions to be taken on events or transactions

BThe same contracts a bank provides

CA set of business conditions that must be met

DBetter anonymity of those making transactions

Answer : C

Blockchain BTA Certified Blockchain Business Foundations CBBF Exam Questions