Video 5 - Distributed Ledger Technologies (DLT)

What is the best-known distributed ledger technology?

• Virtual reality

• Cloud computing

• Blockchain

• Artificial intelligence

What consensus mechanism is used in proof of work?

• Complex calculations

• Mining

• Proof of stake

• Decentral network

What is the purpose of the hash value in blockchain technology?

• To link to the preceding block

• To increase computing capacity

• To validate transactions

• To secure consensus

What is the advantage of using proof of stake in consensus finding?

• Decentral peer-to-peer network

• Resource-intensive mining

• More power for users with more tokens

• Higher speed requirements

In which stage is the advantage of scalability in DAGs?

• Development stage

• Implementation stage

• Practice stage

• Research stage

What do distributed ledger technologies enable in the future?

• Smart contracts

• Intermediaries

• Human-only transactions

• Centralized businesses

What is the capability of smart contracts embedded in a program code?

• Decentral automated contractual transactions

• Manual contractual transactions

• Intermediary transactions

• Machine-only transactions

What do distributed ledger technologies create and ensure in an economy of things?

• Isolation of value creating networks

• Trust and fairness

• Limited participation

• Centralized decision-making

What will become redundant in an economy of things?

• Intermediaries

• Smart contracts

• Machines

• Decentralized businesses