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WorksheetsQuiz on Module 1
Total questions: 10
Worksheet time: 10mins
What is a key characteristic of Blockchain technology?
It is controlled by a single entity
It allows for peer-to-peer transactions
It requires a central server
It is only used for cryptocurrencies
Who is known as the father of Blockchain Technology (Bitcoin)?
Vitalik Buterin
Hal Finney
Satoshi Nakamoto
Nick Szabo
What is a key benefit of using blockchain technology in decentralized applications?
Enhanced security
Faster transaction speeds
Lower costs
All of the above
Which of the following is a feature of blockchain?
Security
Transparency
All of the above
Immutability
Which Consensus algorithm is commonly used in Blockchain?
All of the above
Delegated Proof of Stake
Proof of Stake
Proof of Work
What is a common use case for smart contracts?
Automating legal agreements
None of the above
Creating social media platforms
Storing personal data
Which of the following best describes the type of Public blockchain ?
Only for private transactions
Requires permission to join
Restricted to certain users
Accessible to anyone
What is the role of miners in a blockchain network?
All of the above
To validate transactions
To create new cryptocurrencies
To maintain network security
Aanya is managing a supply chain for her organic food company. What is a common benefit of using blockchain technology in supply chain management?
Limited access to data
Slower transactions
Enhanced traceability
Increased costs
Which of the following is a disadvantage of using blockchain technology?
Decentralization
Enhanced security
Increased transparency
Scalability
