
Understanding Blockchain Technology Concepts
Interactive Video
•
Computers, Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Liam Anderson
FREE Resource
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8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main advantage of making transactions without third-party interference?
Better customer service
Increased privacy and security
Faster transaction speeds
Lower transaction fees
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What technology is described as revolutionary in changing how transactions work?
Internet of Things
Quantum Computing
Blockchain
Artificial Intelligence
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does blockchain ensure the security of transactions?
By using physical ledgers
By employing a central authority
By using digital cryptocurrencies
By encrypting all data
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a blockchain composed of?
A network of servers
A series of interconnected nodes
A collection of digital wallets
A set of blocks recording transaction information
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What makes it impossible to change, hack, or cheat the blockchain system?
Its use of smart contracts
Its centralized nature
Its encryption algorithms
Its distributed ledger across the network
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which cryptocurrencies are mentioned as using the blockchain network?
Dogecoin and Tether
Bitcoin and Ethereum
Litecoin and Ripple
Cardano and Polkadot
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the trend in the market capitalization of cryptocurrencies?
It is decreasing
It remains constant
It fluctuates wildly
It is increasing
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