WorksheetsFinTech 18-3 Blockchain
Total questions: 8
Worksheet time: 10mins
Which were the objectives for Blockchain day 3?
Explain the most popular consensus algorithms and the tradeoffs between each.
Build a blockchain network and produce blocks.
Build a "proof of stake" network.
Initialize geth nodes using a genesis.json.
Which were consensus algorithms we discussed?
Proof of Authority
Proof of Work
Proof of Stake
Proof of Responsibility
Which algorithm has the highest computational cost?
Proof of Authority
Proof of Work
Proof of Stake
Which algorithm has a good balance of decentralization and lower computational cost?
Proof of Authority
Proof of Work
Proof of Stake
Which algorithm is best for testing and development?
Proof of Authority
Proof of Work
Proof of Stake
What is the first block in a blockchain sometimes referred to as?
The Alpha Block
The Genesis Block
The Root Block
The Inception Block
How was Blockchain day 3 for you?
Any suggestions for improvement?
