Question 1

The cryptocurrency Bitcoin is__________.

Options :

A : another application that runs on a Blockchain

B : the same as all other cryptocurrencies

C : replacing bartering in many parts of the world

D : a replacement currency for the U.S. dolla

Answer: A

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

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 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

Once a record has been added to a Blockchain it can be altered.

Options :

A : True

B : False

Answer: B