Consortium Blockchain Architecture Quiz

What are the basic components of a Consortium Blockchain?

• Data privacy and Confidentiality

• Network Participants

• Smart contract

• Consensus Algorithm

• Node Infrastructure

How does Membership Control work in a Consortium Blockchain?

• Only approved organizations can join as members.

• Participants can join freely without approval.

• Membership is based on a voting system.

• Anyone can join as long as they register.

What is the function of the Practical Byzantine Fault Tolerance (PBFT) consensus algorithm?

• It allows a network to reach consensus even if some nodes fail.

• It requires all nodes to agree on every transaction.

• It is only used in public blockchains.

• It eliminates the need for any consensus.

What does the Permissioning System control in a Consortium Blockchain?

• Who can operate nodes in the blockchain network.

• The speed of transactions.

• The amount of data stored.

• The type of consensus algorithm used.

What is the role of smart contracts in a Consortium Blockchain?

• To automate and streamline processes between trusted organizations.

• To serve as a ledger for all transactions.

• To validate the identity of participants.

• To manage the consensus algorithm.

What is the purpose of Digital Signatures in a Consortium Blockchain?

• To verify the authenticity and integrity of transactions.

• To encrypt all data being transferred.

• To allow anyone to modify transactions.

• To create a public record of all transactions.

What are the key components of Governance and Decision-Making in a Consortium Blockchain?

• Decision-Making Processes

• Governance Roles

• Rules and Policies

• Dispute Resolution

What is the significance of Regulatory Compliance in a Consortium Blockchain?

• To ensure that personal data is securely handled.

• To allow any organization to operate without restrictions.

• To eliminate the need for audits.

• To ensure all transactions meet government standards.

What is the purpose of a digital signature in a blockchain transaction?

• To ensure the transaction is irreversible

• To verify the identity of the sender

• To prevent the transaction from being included in the blockchain

• To hide the transaction details from all nodes

How is the digital signature generated?

• Using the sender’s private key

• Using the recipient’s public key

• Using the sender’s public key

• Using a random number generator