Question 1

Blockchains work best when they are____________________.

Options :

A : combined with other technologies

B : used for financial applications

C : used alone

D : used as an alternative to a database

Answer: B

Question 2

In its simplest state, a ledger_______________.

Options :

A : determines which node stores the assets

B : records the transfer of an asset between participants

C : proves ownership on the Blockchain

D : provides privacy to users on the Blockchain

Answer: B

Question 3

Blockchain is the same as Bitcoin

Options :

A : True

B : False

Answer: B

Question 4

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

Options :

A : It is less expensive to develop

B : It requires less mining power that a public Blockchain

C : To limit user access and permissions

D : It requires fewer administrators to manage it

Answer: C

Question 5

Once a record is stored on the Blockchain ____________.

Options :

A : the record is moved to a secure server

B : the record is stored on a central node

C : it can be changed by an authorized person

D : the record is permanent

Answer: D