Question 1

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 2

The Blockchain ledger is commonly referred to as___________.

Options :

A : a database ledger

B : a triple-entry ledger

C : a double-entry ledger

D : a genesis block

Answer: A

Question 3

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 4

An asset is defined as ___________

Options :

A : all records on a database

B : any data on the ledger

C : anything of value requiring accountability of ownership

D : any record on a private network

Answer: C

Question 5

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