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CBBF Certified Blockchain Business Foundations Question and Answers

Question # 4

How is Blockchain benefiting voting?

A.

By revealing the identity of each voter and who or what they voted for

B.

By controlling who gets to vote

C.

By only allowing a certain number of votes per person

D.

By allowing voters to trust their vote has been counted

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Question # 5

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

A.

To limit user access and permissions

B.

It is less expensive to develop

C.

It requires less mining power than a public Blockchain

D.

It requires fewer administrators to manage it

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Question # 6

Where is a Blockchain's central server?

A.

Where the Blockchain is created

B.

Located with the owner of the server

C.

There is no central server, it is distributed

D.

Orderer Node

E.

None of the above

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Question # 7

How does Blockchain use hashing? Select all that apply.

A.

To condense information making it easy to compare large amounts of data.

B.

To chain together blocks

C.

To provide anonymity with public key cryptography

D.

To select which node to use

E.

All of the above

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Question # 8

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

A.

Anonymous

B.

Newer version of a

C.

Append-only

D.

Confidential

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Question # 9

How are blocks chained together?

A.

By sharing the same transaction details

B.

Information of the previous block is embedded into the current block through hashing

C.

Information of the current block is embedded into the genesis block

D.

With a physical chain

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Question # 10

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

A.

True

B.

False

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Question # 11

What does immutable mean?

A.

Fault tolerant

B.

Unable to be changed

C.

Highly secure

D.

None of the above

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Question # 12

One solution to increasing Blockchain Transactions Per Second (TPS) is________.

A.

adding more network nodes

B.

off-chain transactions

C.

using faster microprocessors

D.

fewer regulations

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