Question 1

What is a private Blockchain used instead of a public one?

Options :

A : It is less expensive to develop

B : It requires less mining power that a public Blockchain

C : To limit user access and permissions

D : It requires fewer administrators to manage it

Answer: C

Question 2

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 3

Once a record has been added to a Blockchain it can be altered.

Options :

A : True

B : False

Answer: B

Question 4

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 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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