Online Access Free BLOCKCHAINF Practice Test

An asset is defined as ____________.

• A.anything of value requiring accountability of ownership
• B.any data on the ledger
• C.any record on a private network
• D.all records on a database

Blockchain is the same as Bitcoin.

• A.False
• B.True

In which consensus algorithm is a nonce used?

• A.Proof of Work
• B.Proof of Burn
• C.Proof of Activity
• D.All of the above
• E.Proof of Stake

One of the great advantages of creating a new Blockchain solution is__________.

• A.the ability to completely customize a unique business solution
• B.combining Blockchain technologies to fit your business solution
• C.merging your existing network technology into a new Blockchain solution
• D.not being limited to a conventional business solution or restriction
• E.All of the above

Blockchain 3.0 combined with the internet 3.0 will dramatically increase Blockchain use?

• A.False
• B.True