In its simplest state, a ledger_______________.
determines which node stores the assets
records the transfer of an asset between participants
proves ownership on the Blockchain
provides privacy to users on the Blockchain
References:
What is a block?
A list or record of data
A wallet that stores digital currency
A pool of unconfirmed transactions
A list or record of certificates
All of the above
How much data can be represented by the data hash of a block?
a maximum of 20 MB
virtually any amount
not to exceed 100k bytes
the hash is only a memory location
____________ledger technology is referred to as DLT.
Distributed
Decentralized
Database
None of the above
Which Blockchain protocol uses Proof of Work Consensus? Select all that apply
Hyperledger
Corda
Bitcoin
Ethereum
Blockchains work best when they are____________________.
combined with other technologies
used for financial applications
used alone
used as an alternative to a database
Cryptocurrencies are a security regulated by the Securities and Exchange Commission.
True
False
What is the focus or primary goal of a private Blockchain? Select all that apply.
To provide anonymity in business
To save money by eliminating intermediaries
To create a distributed database that allows for CRUD
To provide transparency and trust for business while remaining secure
How are blocks chained together?
By sharing the same transaction details
Information of the previous block is embedded into the current block through hashing
Information of the current block is embedded into the genesis block
With a physical chain
TESTED 03 May 2024
