Test Your Knowledge about Blockchain

Test Your Knowledge about Blockchain

University

10 Qs

quiz-placeholder

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Test Your Knowledge about Blockchain

Test Your Knowledge about Blockchain

Assessment

Quiz

Financial Education

University

Practice Problem

Medium

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Blockchain?

A centralized database

A networking protocol

A decentralized ledger

A type of database

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key feature of blockchain?

Immutability

Dependence on a single server

High centralization

Insecure data transfer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is the first cryptocurrency to use blockchain technology?

Ethereum

Bitcoin

Litecoin

Ripple

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of blockchain technology?

To centralize data storage

To create cryptocurrencies

To replace all traditional databases

To provide a secure and transparent record of transactions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main component of a blockchain that contains transaction data?

Chain

Node

Block

Hash

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of network structure does blockchain use?

Ring topology

Peer-to-peer (P2P)

Star topology

Client-server

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a full node in blockchain?

A node used for mining rewards

A node that stores the entire blockchain ledger

A node that processes only recent transactions

A node responsible for creating new blocks

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