Blockchain Day 1 Quiz Activity

With Blockchain Technology, You

• can now own everything that has Internet of Value

• will not need an intermediary to make transactions

• can receive records or other information directly peer-to-peer

• can view the entire history of a transaction

Which of the following statement best suit the reason that gave rise to Blockchain Technology?

• Transactions are still being hacked despite existing security technology.

• Emerging technology such as Blockchain provides confidence in tackling the volatility of currencies trading.

• Cryptocurrencies as the digital money to verify the transfer of funds as opposed to fiat currencies.

• The digital money is not determined by a central bank and the network is centralised for ease of blockchain transfers.

The first block of information stored in the blockchain databased is called.....

What blockchain database stores?

• Information about transactions

• Unique digital signatures

• Unique code call Hash

• Distributed ledger

• All of the above

How many types of blockchains are there?

• 6

• 2

• 4

• 3

• None of the above