EXIN Blockchain Foundation - BLOCKCHAINF FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

The common safe place to store personal cryptocurrency is_____________.

A. a bank account B. A digital wallet C. in a secure database D. in a secure ledger

Discussion 0

Correct Answer: B Vote an answer

Question 2

Blockchain is faster and more efficient than a standard database.

A. True B. False

Discussion 0

Correct Answer: B Vote an answer

Question 3

One of the big issues that new financial transaction Blockchain solutions face is____________.

A. getting banks to cooperate B. increasing the number of transactions per second (TPS) C. the inability to find use cases D. solving user identity

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Correct Answer: B Vote an answer

Question 4

What does P2P stand for?

A. Public to Person B. Person to Person C. None of the above D. Product to Person E. Peer to Peer

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Correct Answer: E Vote an answer

Question 5

Cryptocurrencies have all the same characteristics as fiat currencies?

A. True B. False

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Correct Answer: B Vote an answer

Question 6

The Blockchain combined with the Internet of Things (IoT) will dramatically ____________.

A. speed up the internet B. make Bitcoin less expensive C. increase device connectivity D. increase the use of cryptocurrency

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Correct Answer: C Vote an answer

Question 7

Blockchain has more built-in security than a standard database.

A. True B. False

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Correct Answer: A Vote an answer

Question 8

One of Blockchain's primary uses of cryptography is ___________.

A. Allowing users to communicate with each other anonymously B. Providing a public and private encryption key C. Keeping the IP addresses a secret D. Keeping the network configuration a secret.

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Correct Answer: B Vote an answer

Question 9

A Blockchain does NOT provide which attribute?

A. Immutability through hashing B. Security through distribution C. Fault Tolerance through distribution D. Anonymity through cryptography

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Correct Answer: D Vote an answer