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CBBF Certified Blockchain Business Foundations Questions and Answers

Questions 4

The Ethereum Blockchain provides a/an _____________ virtual machine.

Options:

A.

Windows compatible

B.

energy efficient

C.

Linux compatible

D.

turing-complete

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Questions 5

How do consensus algorithms like Proof of Work or Proof of Stake incentivize miners to participate?

Options:

A.

By paying miners with U.S. dollars

B.

By paying the miners with cryptocurrency

C.

By placing their name on the Blockchain

D.

By not charging users monthly subscription costs

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Questions 6

How does the Bitcoin provide anonymity?

Options:

A.

Through Merkle trees

B.

Through public/private key cryptography

C.

Through consensus algorithms such as Proof of Work

D.

By publishing only the block address

E.

None of the above

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Questions 7

The height of a block is the______________ in the chain between it and the genesis block.

Options:

A.

metadata that is

B.

number of blocks

C.

Merkle tree hash

D.

size of the memory cache

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Questions 8

Blockchain does not provide?

Options:

A.

Security

B.

Immutability

C.

Fault tolerance

D.

Fact Transaction time

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Questions 9

How would a developer make a change to Blockchain protocol?

Options:

A.

There are no restrictions, a developer could just change the code

B.

A developer would need to initiate a hard fork

C.

There is no way to change Blockchain protocol

D.

change the orderer configuration

E.

None of the above

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Questions 10

The Blockchain combined with the Internet of Things (IoT) will dramatically ____________.

Options:

A.

increase the use of cryptocurrency

B.

speed up the internet

C.

make Bitcoin less expensive

D.

increase device connectivity

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Questions 11

One of the big issues that new financial transaction Blockchain solutions face is____________.

Options:

A.

increasing the number of transactions per second (TPS)

B.

the inability to find use cases

C.

solving user identity

D.

getting banks to cooperate

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Questions 12

A smart contract on the Blockchain provides __________. Select all that apply

Options:

A.

Specific actions to be taken on events or transactions

B.

The same contracts a bank provides

C.

A set of business conditions that must be met

D.

Better anonymity of those making transactions

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Exam Code: CBBF
Exam Name: Certified Blockchain Business Foundations
Last Update: Apr 23, 2024
Questions: 84

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