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Blockchain is a revolutionary technology. However, surprisingly, blockchain technology is not only safe, robust, and effective, but the concept is also very easy to understand and adaptable. It is like an online excel sheet that promises data security, resiliency, immutability, decentralization, etc.

Businesses need data and information to work on and grow, where the data needs to be accurate and received fast. This information can be regarding transactions, records, and assets that can be tangible or intangible. Blockchain provides that perfect solution for the organized delivery of data as it supplies quick, shared, and reliable information that is stored on a ledger that can’t be manipulated and is safe and robust.

Blockchain MCQs: This section contains multiple-choice questions (MCQs) with answers on Blockchain. It will help to prepare and test the skills of blockchain.

questions

Title
Blockchain is a peer-to-peer _____________ distributed ledger technology that makes the records of any digital asset transparent and unchangeable

Blockchain is a peer-to-peer _____________ distributed ledger technology that makes the records of any digital asset transparent and unchangeable.

  1. Decentralized
  2. Demanding
  3. Secure
  4. Popular
discuss
Blockchain networks are much _____ and deal with no real single point of failure

Blockchain networks are much _____ and deal with no real single point of failure.

  1. Simpler
  2. Easier to scale
  3. Convenient
  4. Faster
discuss
Bitcoin is a cryptocurrency, which is an application of Blockchain

Bitcoin is a cryptocurrency, which is an application of Blockchain.

  1. True
  2. False
discuss
Blockchain can perform user transactions without involving any third-party intermediaries

Blockchain can perform user transactions without involving any third-party intermediaries.

  1. With the help of the third party
  2. Without involving any third party
  3. Without involving any owned
  4. Without involving any authenticated
discuss
What does P2P stand for?

What does P2P stand for?

  1. Peer to Peer
  2. Product to Product
  3. Password to Password
  4. None of the above
discuss
Blockchain has ____ versions

Blockchain has ____ versions.

  1. 2
  2. 3
  3. 4
  4. 5
discuss
Who introduced the digital online cryptocurrency known as Bitcoin?

Who introduced the digital online cryptocurrency known as Bitcoin?

  1. Satoshi Nakamoto
  2. Nick Szabo
  3. Wei Dai
  4. Hal Finney
discuss
A blockchain enables peer-to-peer transfer of digital currency without any intermediaries such as banks

A blockchain enables peer-to-peer transfer of digital currency without any intermediaries such as banks.

  1. False
  2. True
discuss
Did Blockchain enable a centralized or a decentralized system for the exchange of value?

Did Blockchain enable a centralized or a decentralized system for the exchange of value?

  1. Decentralized
  2. Centralized
  3. None of the above
  4. Can't say
discuss
What does a block in a Blockchain have?

What does a block in a Blockchain have?

  1. Header & Digital ledger
  2. Bitcoins & Input
  3. Transactions & Bitcoins
  4. Header & Transaction
discuss
What does UTXO stand for?

What does UTXO stand for?

  1. Unspent Trade Offer
  2. Unspent Transaction xeroxed Output
  3. Unique Transaction Offer
  4. Unspent Transaction Output
discuss
Does a transaction generate new UTXOs for transferring the amount specified in the input UTXOS?

Does a transaction generate new UTXOs for transferring the amount specified in the input UTXOS?

  1. False
  2. True
discuss
Transaction 0 in every block of the bitcoin blockchain________

Transaction 0 in every block of the bitcoin blockchain________.

  1. Is for paying the miner fees
  2. Does not have any input UTXO
  3. Is called the coinbase transaction
  4. All of the above
discuss
What is the genesis block?

What is the genesis block?

  1. Any block created by the founder
  2. The last block created in the Blockchain
  3. The first block of a Blockchain
  4. The first transaction in each block
discuss
___ hosts the software needed for transaction initiation, validation, mining, block creation, and smart contract execution

___ hosts the software needed for transaction initiation, validation, mining, block creation, and smart contract execution.

  1. External Account
  2. EVM
  3. Ethereum full node
  4. Smart Contract
discuss
__________ receive verify, gather and execute transactions

__________ receive verify, gather and execute transactions.

  1. Miner nodes
  2. Smart Contracts
  3. Light wallets
  4. Ethereum full node
discuss
What is Blockchain?

What is Blockchain?

  1. A currency
  2. A ledger
  3. A type of currency
  4. A distributed ledger on a peer-to-peer network
discuss
Bitcoin is based on _________ blockchain

Bitcoin is based on _________ blockchain.

  1. Private
  2. Public
  3. Public Permissioned
  4. Permissioned
discuss
BATM stands for _____

BATM stands for _____.

  1. Bounded access transaction machine
  2. Broadcast ATM
  3. Bitcoin ATM
  4. Blockchain ATM
discuss
Smart Contract characteristics do not include:

Smart Contract characteristics do not include:

  1. Alterable
  2. Fast and cost-effective
  3. A high degree of accuracy
  4. Transparency
discuss
total MCQs: 50

MCQs

50

Views

80

Best Answers

299

Points

5