Question 1

Blockchain is the same as Bitcoin

Options :

A : True

B : False

Answer: B

Question 2

The cryptocurrency Bitcoin is__________.

Options :

A : another application that runs on a Blockchain

B : the same as all other cryptocurrencies

C : replacing bartering in many parts of the world

D : a replacement currency for the U.S. dolla

Answer: A

Question 3

In its simplest state, a ledger_______________.

Options :

A : determines which node stores the assets

B : records the transfer of an asset between participants

C : proves ownership on the Blockchain

D : provides privacy to users on the Blockchain

Answer: B

Question 4

Blockchains work best when they are____________________.

Options :

A : combined with other technologies

B : used for financial applications

C : used alone

D : used as an alternative to a database

Answer: B

Question 5

Once a record is stored on the Blockchain ____________.

Options :

A : the record is moved to a secure server

B : the record is stored on a central node

C : it can be changed by an authorized person

D : the record is permanent

Answer: D

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