Podcast
Questions and Answers
What is the main feature of blockchain that ensures data cannot be altered once added?
What is the main feature of blockchain that ensures data cannot be altered once added?
- Immutability (correct)
- Scalability
- Transparency
- Decentralization
What does Proof of Work (PoW) require participants to do?
What does Proof of Work (PoW) require participants to do?
- Create digital signatures for transactions
- Use a private blockchain for security
- Solve mathematical puzzles to validate transactions (correct)
- Hold a specific amount of cryptocurrency
Which type of blockchain is used in a closed network for organizations?
Which type of blockchain is used in a closed network for organizations?
- Public Blockchain
- Private Blockchain (correct)
- Hybrid Blockchain
- Consortium Blockchain
What is hashing in blockchain technology?
What is hashing in blockchain technology?
Which blockchain consensus algorithm assigns validation based on coin ownership?
Which blockchain consensus algorithm assigns validation based on coin ownership?
Which feature of blockchain ensures that all participants have access to the same data without a central authority?
Which feature of blockchain ensures that all participants have access to the same data without a central authority?
What is the role of public and private keys in ensuring security within blockchain technology?
What is the role of public and private keys in ensuring security within blockchain technology?
Which blockchain platform is specifically recognized for its effectiveness in facilitating cross-border payments?
Which blockchain platform is specifically recognized for its effectiveness in facilitating cross-border payments?
What is the primary function of a smart contract in blockchain technology?
What is the primary function of a smart contract in blockchain technology?
Which type of blockchain allows for multiple organizations to share access while maintaining some level of control?
Which type of blockchain allows for multiple organizations to share access while maintaining some level of control?
Flashcards
Blockchain Immutability
Blockchain Immutability
The property of a blockchain that makes it impossible to alter data once it's added.
Blockchain Node
Blockchain Node
A computer that stores data and participates in a blockchain network.
Decentralized Blockchain
Decentralized Blockchain
A blockchain where data is shared among nodes, without a single controlling authority.
Blockchain Hashing
Blockchain Hashing
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Smart Contract
Smart Contract
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What does 'immutable' mean in blockchain?
What does 'immutable' mean in blockchain?
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What's a node's role in a blockchain network?
What's a node's role in a blockchain network?
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What is a public blockchain?
What is a public blockchain?
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What is Proof of Work (PoW)?
What is Proof of Work (PoW)?
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What is a hybrid blockchain?
What is a hybrid blockchain?
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Study Notes
Blockchain Technology Quiz - Study Notes
- Immutability is the key feature of blockchain that ensures data cannot be altered once added.
- A node in blockchain is a computer that stores blockchain data.
- A decentralized blockchain system shares data among all participants without a central authority.
- Encryption uses private and public keys for security in blockchain.
- Proof of Work (PoW) requires participants to solve mathematical puzzles to validate transactions in a cryptocurrency.
- Private Blockchain is used in closed networks for organizations.
- Hashing in blockchain converts data into a unique string of characters.
- Proof of Stake (PoS) is a consensus algorithm that assigns validation based on coin ownership.
- A smart contract is code that defines and executes contract terms automatically.
- Stellar is a platform known for cross-border payments.
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Description
Test your knowledge on the essential features of blockchain technology with this quiz! Explore key concepts such as immutability, nodes, and consensus algorithms like Proof of Work and Proof of Stake. Whether you're a beginner or want to refine your understanding of smart contracts and encryption, this quiz is for you.
