Blockchain MCQ -3

Question 1

Which of the following is popularly used for storing bitcoins?

Accepted Answer

Wallet

Answer

Pocket

Answer

Box

Answer

Stack

Question 2

Which site run by Ross Ulbricht was closed by the FBI for letting people buy drugs with Bitcoin?

Accepted Answer

Silk Road

Answer

Lace Place

Answer

Silk Street

Answer

Dark Alley

Question 3

Which of these US states introduced the BitLicense regulation for Cryptocurrency companies?

Accepted Answer

New York

Answer

California

Answer

Texas

Answer

Washington

Question 4

Cryptographic Hash Function transforms an arbitrary length of a fixed length string that act more or less as a Fingerprint of the document

Accepted Answer

False

Answer

True

Question 5

What is the name of the famous Bitcoin exchange from japan that collapsed in 2014?

Accepted Answer

Mt. Gox

Answer

Blockchain.info

Answer

Tradehill

Answer

Bitstamp

Question 6

What does the block in the blockchain consist of?

Accepted Answer

All of these

Answer

Transaction data

Answer

A Hash point

Answer

A Timestamp

Question 7

After 10 Minutes a new block is formed that contains latest transactions

Accepted Answer

True

Answer

False

Question 8

A bitcoin address collision happens when 2 different payments are made at the same time to the same bitcoin address

Accepted Answer

False

Answer

True

Question 9

What is not a ledger type considered by users in Blockchain?

Accepted Answer

None of these

Answer

Distributed Ledger

Answer

Decentralized ledger

Answer

Centralized ledger

Question 10

What is the impact of information leak for an organization?

Accepted Answer

All of these

Answer

Loss in profit

Answer

Loss of trust in customers

Answer

Cut down the reputation of the organization

Question 11

What time did Bitcoin Network Start?

Accepted Answer

January 2009

Answer

September 2001

Answer

November 2008

Answer

November 2010

Question 12

How many new Bitcoins are created every day?

Accepted Answer

3600

Answer

2200 Except of leap year

Answer

7200

Answer

5000

Question 13

What is the initial application for which Blockchain was designed?

Accepted Answer

None of these

Answer

Peer-to-peer finance application

Answer

Research Project

Answer

Open source finance software to connect Banks

Question 14

An orphan block is only created when 51% attack is successful

Accepted Answer

False

Answer

True

Question 15

Where is the bitcoin central server located?

Accepted Answer

None of these

Answer

Washington DC

Answer

Undisclosed Location

Answer

London

Question 16

What does a ledger in Blockchain does?

Accepted Answer

Mapping between owner and object

Answer

Identification of objects owned

Answer

Identification of owners

Answer

None of these

Question 17

First step of Blockchain project implementation is?

Accepted Answer

Requirement identification

Answer

Feasible study on the security

Answer

Controlling and monitoring the project

Answer

Screen idea consideration

Question 18

What is the name of the first academic paper that describes bitcoin commonly referred to as?

Accepted Answer

The Bitcoin Whitepaper

Answer

The origins of money

Answer

The Bitcoin Constitution

Answer

The Great Unraveling

Question 19

Which of the following is important for Blockchain

Accepted Answer

All of these

Answer

Database Security

Answer

Auditing

Answer

Planning

Question 20

How often does Bitcoin ledger reconcile

Accepted Answer

Every 10 Minutes

Answer

Every day

Answer

Every 3 months

Answer

Every 3 Minutes

Blockchain MCQ -3 Software Development Tutorial MCQs & solutions - Free

MCQ Practice Test & Solutions: Blockchain MCQ -3 (20 Questions)

Which of the following is popularly used for storing bitcoins?

Which site run by Ross Ulbricht was closed by the FBI for letting people buy drugs with Bitcoin?

Which of these US states introduced the BitLicense regulation for Cryptocurrency companies?

Cryptographic Hash Function transforms an arbitrary length of a fixed length string that act more or less as a Fingerprint of the document

What is the name of the famous Bitcoin exchange from japan that collapsed in 2014?

What does the block in the blockchain consist of?

After 10 Minutes a new block is formed that contains latest transactions

A bitcoin address collision happens when 2 different payments are made at the same time to the same bitcoin address

What is not a ledger type considered by users in Blockchain?

What is the impact of information leak for an organization?

What time did Bitcoin Network Start?

How many new Bitcoins are created every day?

What is the initial application for which Blockchain was designed?

An orphan block is only created when 51% attack is successful

Where is the bitcoin central server located?

What does a ledger in Blockchain does?

First step of Blockchain project implementation is?

What is the name of the first academic paper that describes bitcoin commonly referred to as?

Which of the following is important for Blockchain

How often does Bitcoin ledger reconcile

Blockchain Tutorial for Beginners

Blockchain Tutorial for Beginners

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