Prompt Detail:
Sure! Here are 100 multiple-choice questions related to the introduction to Blockchain Technology:
What is Blockchain Technology? a) A distributed ledger system b) A centralized database c) A peer-to-peer network d) A cloud computing platform
Which of the following is a characteristic of blockchain technology? a) Transparency b) Centralized control c) Single point of failure d) Closed network
What is the purpose of a blockchain consensus algorithm? a) To secure the data stored in the blockchain b) To prevent data duplication c) To reach agreement among network participants d) To optimize data retrieval speed
Which of the following is not a type of blockchain? a) Public blockchain b) Private blockchain c) Hybrid blockchain d) Centralized blockchain
What is a smart contract in the context of blockchain technology? a) A legal agreement stored on a blockchain b) An automated program that executes predefined actions based on predefined conditions c) A cryptographic key used for securing blockchain transactions d) A consensus algorithm used to validate blockchain transactions
Which of the following is a benefit of using blockchain technology? a) Improved scalability b) Reduced data security c) Increased transaction speed d) Enhanced transparency and auditability
What is the role of miners in a blockchain network? a) To validate transactions and add them to the blockchain b) To create new cryptocurrencies c) To control the entire blockchain network d) To perform encryption of blockchain data
Which of the following is a disadvantage of blockchain technology? a) High energy consumption b) Limited storage capacity c) Lack of privacy and confidentiality d) Slow transaction processing
Which cryptographic algorithm is commonly used to secure blockchain transactions? a) RSA b) AES c) SHA-256 d) MD5
What is a blockchain fork? a) A process of duplicating a blockchain b) A consensus algorithm used in blockchain networks c) A cryptographic key used for securing blockchain data d) A type of smart contract
What is the difference between a public blockchain and a private blockchain? a) Public blockchains are open to anyone, while private blockchains are restricted to specific participants. b) Public blockchains are faster than private blockchains. c) Private blockchains have higher security than public blockchains. d) Public blockchains do not use consensus algorithms.
Which of the following is an example of a public blockchain? a) Bitcoin b) Hyperledger Fabric c) Ethereum Enterprise d) Ripple
What is the role of a hash function in blockchain technology? a) To encrypt blockchain data b) To secure blockchain transactions c) To ensure data integrity and immutability d) To optimize blockchain storage
What is a 51% attack in blockchain terminology? a) When more than 51% of blockchain transactions are invalid b) When a majority of blockchain nodes go offline c) When a single entity controls more than 51% of the network's mining power d) When a blockchain reaches 51% consensus
Which of the following is a use case for blockchain technology? a) Supply chain management b) Social media networking c) Online gaming d) Weather forecasting
What is a token in the context of blockchain technology? a) A digital representation of an asset or utility on a blockchain b) A physical item used to authenticate blockchain transactions c) A type of smart contract d) A public key used for encryption in blockchain networks
What is the role of a block in a blockchain? a) To store transaction data b) To connect different blockchain networks c) To perform encryption of blockchain data d) To secure the blockchain network
Which of the following is a decentralized blockchain platform for developing and executing smart contracts? a) Ethereum b) IBM Blockchain c) Amazon Web Services d) Microsoft Azure
What is the concept of immutability in blockchain technology? a) Once data is stored on the blockchain, it cannot be changed or tampered with. b) Blockchain networks can be modified by consensus. c) Blockchain data can be accessed by anyone. d) Blockchain transactions are reversible.
What is a block reward in blockchain mining? a) A reward given to miners for validating and adding blocks to the blockchain b) A reward given to users for participating in blockchain networks c) A fee charged for blockchain transactions d) A reward given to developers for creating blockchain applications
What is the role of a digital signature in blockchain transactions? a) To ensure data integrity and authenticity b) To encrypt blockchain data c) To optimize blockchain storage d) To facilitate cross-border transactions
Which of the following is a blockchain scalability solution? a) Sharding b) Centralization c) Double-spending d) Proof of Work
What is the purpose of a Merkle tree in blockchain technology? a) To store transaction data in a sequential manner b) To secure blockchain networks from attacks c) To optimize blockchain storage d) To efficiently verify the integrity of large sets of data
Which of the following is a permissioned blockchain platform? a) Hyperledger Fabric b) Bitcoin c) Ripple d) Cardano
What is the role of a wallet in blockchain technology? a) To store public and private keys for accessing and managing blockchain assets b) To validate transactions and add them to the blockchain c) To secure the entire blockchain network d) To encrypt blockchain data
What is the concept of consensus in blockchain technology? a) The agreement among network participants on the validity of transactions and the state of the blockchain b) The process of encrypting blockchain data c) The secure storage of blockchain assets d) The validation of blockchain smart contracts
Which of the following is a feature of blockchain technology that enhances security? a) Decentralization b) Centralized control c) Single point of failure d) Lack of transparency
What is the role of a public key in blockchain transactions? a) To encrypt blockchain data b) To decrypt blockchain data c) To verify the authenticity of blockchain participants d) To optimize blockchain storage
Which of the following is a blockchain interoperability protocol? a) Polkadot b) Litecoin c) Stellar d) Monero
What is the purpose of a timestamp in blockchain transactions? a) To record the exact date and time of a transaction b) To encrypt blockchain data c) To optimize blockchain storage d) To secure the blockchain network
What is a double-spending attack in blockchain terminology? a) When a
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