Module 3: Blockchain Platforms and Technologies
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Questions and Answers

Which blockchain platform introduced the concept of smart contracts?

  • Bitcoin
  • Hyperledger
  • Ethereum (correct)
  • Corda

What is Hyperledger primarily designed for?

  • Public blockchain applications
  • Enterprise-grade, permissioned blockchain solutions (correct)
  • Cryptocurrency transactions
  • Gaming applications

Which consensus mechanism does Ethereum 2.0 aim to implement to address scalability issues?

  • Proof of Work
  • Proof of Stake (correct)
  • Proof of Authority
  • Proof of Concept

Corda is specifically designed for which industry?

<p>Financial (C)</p> Signup and view all the answers

What is the primary focus of Polkadot as a blockchain platform?

<p>Interoperability between blockchains (B)</p> Signup and view all the answers

Which blockchain platform is known for its focus on privacy and regulatory compliance, particularly in financial transactions?

<p>Corda (D)</p> Signup and view all the answers

Smart contracts eliminate the need for which of the following?

<p>Intermediaries (B)</p> Signup and view all the answers

What is a major advantage of decentralized applications (DApps)?

<p>Censorship resistance (C)</p> Signup and view all the answers

What type of blockchain is Hyperledger typically associated with?

<p>Private (B)</p> Signup and view all the answers

Which blockchain platform runs parallel to Binance Chain and is known for low transaction fees and high performance?

<p>Binance Smart Chain (C)</p> Signup and view all the answers

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