Download Certified Blockchain Business Foundations.CBBF.Pass4Sure.1999-11-30.33q.vcex

Vendor: Blockchain
Exam Code: CBBF
Exam Name: Certified Blockchain Business Foundations
Date: Nov 30, 1999
File Size: 16 KB

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Demo Questions

Question 1
What is Ethereum?
  1. Another name for Bitcoin
  2. A platform for creating decentralized applications
  3. A currency
  4. Another name for Blockchain
Correct answer: B
Explanation:
Reference: https://blockgeeks.com/guides/ethereum/
Reference: https://blockgeeks.com/guides/ethereum/
Question 2
Blockchain is always a better alternative to a standard database.
  1. True
  2. False
Correct answer: B
Explanation:
Reference: https://www.coindesk.com/information/what-is-the-difference-blockchain-and-database
Reference: https://www.coindesk.com/information/what-is-the-difference-blockchain-and-database
Question 3
How does a private Blockchain differ from a public one? Select all that apply.
  1. A private Blockchain does not use proof of work consensus
  2. A private Blockchain is more efficient and has faster transaction times
  3. A private Blockchain is not distributed
  4. A private Blockchain often requires the identity of users to be known
Correct answer: D
Explanation:
Reference: https://medium.com/coinmonks/public-vs-private-blockchain-in-a-nutshell-c9fe284fa39f
Reference: https://medium.com/coinmonks/public-vs-private-blockchain-in-a-nutshell-c9fe284fa39f
Question 4
Why is a private Blockchain used instead of a public one?
  1. To limit user access and permissions
  2. It is less expensive to develop
  3. It requires less mining power than a public Blockchain
  4. It requires fewer administrators to manage it
Correct answer: A
Explanation:
Reference: https://medium.com/coinmonks/public-vs-private-blockchain-in-a-nutshell-c9fe284fa39f
Reference: https://medium.com/coinmonks/public-vs-private-blockchain-in-a-nutshell-c9fe284fa39f
Question 5
A distributed network is always decentralized.
  1. True
  2. False
Correct answer: B
Explanation:
Reference: https://stackoverflow.com/questions/49195562/difference-between-a-distributed-and-a-decentralized-network
Reference: https://stackoverflow.com/questions/49195562/difference-between-a-distributed-and-a-decentralized-network
Question 6
Blockchains are being implemented in the food supply chain because_____________.
  1. consumers demand to know where their food comes from
  2. it allows farm to table accountability for safety
  3. they have the potential to provide fast, specific supplier data
  4. it prevents food waste if a food contamination problem occurs
  5. All of the above
Correct answer: E
Explanation:
Reference: https://www.forbes.com/sites/jennysplitter/2018/09/30/what-can-blockchain-really-do-for-the-food-industry/#151984fe488e
Reference: https://www.forbes.com/sites/jennysplitter/2018/09/30/what-can-blockchain-really-do-for-the-food-industry/#151984fe488e
Question 7
The Ethereum Blockchain provides a/an _____________ virtual machine.
  1. Windows compatible
  2. energy efficient
  3. Linux compatible
  4. turing-complete
Correct answer: D
Explanation:
Reference: https://www.mycryptopedia.com/ethereum-virtual-machine-explained/
Reference: https://www.mycryptopedia.com/ethereum-virtual-machine-explained/
Question 8
One of the big issues that new financial transaction Blockchain solutions face is____________.
  1. increasing the number of transactions per second (TPS)
  2. the inability to find use cases
  3. solving user identity
  4. getting banks to cooperate
Correct answer: A
Explanation:
Reference: https://www.cnbc.com/2018/10/01/five-crucial-challenges-for-blockchain-to-overcome-deloitte.html
Reference: https://www.cnbc.com/2018/10/01/five-crucial-challenges-for-blockchain-to-overcome-deloitte.html
Question 9
Blockchain applications can provide____________________.
  1. the elimination of intermediaries
  2. building more trust between trusted parties
  3. collaboration between trusted parties
  4. better cooperation between banks
Correct answer: A
Question 10
A Blockchain does NOT provide which attribute?
  1. Security through distribution
  2. Anonymity through cryptography
  3. Fault Tolerance through distribution
  4. Immutability through hashing
Correct answer: B
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