Exin BLOCKCHAINF Exam Questions Instant Access

Question 1

The common safe place to store personal cryptocurrency is_____________.

AA digital wallet

Bin a secure ledger

Ca bank account

Din a secure database

Answer : A

Question 2

Blockchain applications can provide____________________.

Athe elimination of intermediaries

Bbuilding more trust between trusted parties

Ccollaboration between trusted parties

Dbetter cooperation between banks

Answer : A

Question 3

Cryptocurrencies are a security regulated by the Securities and Exchange Commission.

ATrue

BFalse

Answer : B

Question 4

In a private business Blockchain, transactions are endorsed by______________.

Aonly relevant business participants

Bonly the smart contract developer

Call the nodes on the Blockchain

Dall participants with access to the network

Answer : A

Question 5

The Blockchain ledger is commonly referred to as___________.

Aa database ledger

Ba triple-entry ledger

Ca double-entry ledger

Da genesis block

Answer : A

Question 6

Why is a private Blockchain used instead of a public one?

ATo limit user access and permissions

BIt is less expensive to develop

CIt requires less mining power than a public Blockchain

DIt requires fewer administrators to manage it

Answer : A

Question 7

Cryptocurrencies have all the same characteristics as fiat currencies?

ATrue

BFalse

Answer : B

Exin Blockchain Foundation BLOCKCHAINF Exam Questions