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Blockchain

Total questions: 11

Worksheet time: 11mins

Name
Class
Date
1.

Which of the following is correct?

a)

Blockchain contains transaction data, so, it’s a replacement for databases.

b)

Blockchain contains transaction data, it’s not a replacement for databases.

c)

Blockchain replaces databases, messaging technology, transaction processing and business processes.

d)

Blockchain and databases are exactly the same.

2.

The blockchain contains verified proof of .....

a)

transactions

b)

earnings

c)

names and addresses

d)

cost and location

3.

All blockchains are built for business only.

a)

True

b)

False

4.

Blockchain owes its name to ...

a)

the way money travels

b)

a prisoner who was innocent

c)

its creator, because he lived in a big block

d)

the way it stores transaction data — in blocks that are linked together to form a chain.

5.

Which of this is NOT a characteristic of a blockchain network?

a)

Consensus

b)

Immutability

c)

Finality

d)

Provenance

e)

Expensive

6.

Bitcoin and blockchain are basically the same.

a)

True

b)

False

7.

Blockchain provides the means to record and store Bitcoin transactions. So, blockchain is mostly used for Bitcoin.

a)

True, as Bitcoin is the first use case for blockchain.

b)

False, as Bitcoin is only the first use case for blockchain.

8.

Which of the following sentences is correct?

a)

Bitcoins are printed like dollars or euros.

b)

Bitcoins have central monetary authority.

c)

Bitcoins aren’t printed like dollars or euros; they’re “mined”.

d)

Bitcoin is issued by central banks

9.

Everyone knows who is Satoshi Nakamoto.

a)

True

b)

False

10.

Bitcoin — the digital currency launched in 2009 by ....

a)

Satoshi Nakamoto

b)

China

c)

A group of hackers

d)

The European Bank

11.

Which of the following better describes what blockchain is?

a)

Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.

b)

Blockchain is a private, mutable ledger that protects the process of recording transactions and storing assets in a business network.

c)

Blockchain is a controlled, updatable ledger that encapsulates the process of keeping transactions secret without tracking assets in a business network.

d)

Blockchain is a costly, protected ledger that simulates the process of formulating transactions, so it sells assets in a business network.