Ethereum - Blockchain 2.0 MCQs Solution | TCS Fresco Play | Fresco Play | TCS | MNCAnswers
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1. Private Blockchain is a de-centralized type of Blockchain? False
2. Blockchain which is popularly known as ‘for the people, by the people and of the people” is ___________. Public
3. Bitcoin network would make it impossible to bypass the traditional financial intermediaries. - False
4. BlockChain provides ___________ database of every transaction involving value.
open decentralised
5. Bankchain is an example of _______.
Private Blockchain
6. Mainly how many types of blockchains have emerged after bitcoin introduced blockchain to the world? Three
7. Consortium Blockchain provides a faster and more protected ecosystem than a Private Blockchain? - True
8. The three concepts used to explain the foundation of blockchain are __________________. - Business Network, Digital Assets, Ledger
9. Digital assets must always be tangible. - False
10. We can buy cryptocurrency. - False
11. The value of coins ( litecoin, bitcoin) is same at a particular time. - False
12. HASH can be used to validate the input? - True
13. The two types of cryptography are ______________.
Asymmetric and symmetric
14. Encryption reduces data security? - False
15. The value of cryptocurrency is independent of market conditions such as supply and demand. - False
16. Encrypted text is also known as ____________. - Cipher Text
17. Which among the following is the most flexible cryptocurrency? - Ether
18. Name the first cryptocurrency with computing power contribution? - Gridcoin
19. The rate of generation of new bitcoins is constant. - False
20. The output of Hashing is popularly known as _______ . - Digest
21. We may use bitcoin for purchasing merchandise as well? - True
22. Bitcoins can be purchased in exchange of services. - True
23. The higher the computational power, the lower is the difficulty in mining. - False
24. Which among the following are the advantages of using Bitcoin? - All
25. The sender and the receiver in a transaction provide miners with a fee. -False
26. Which platform could gain its best use case from supply chain industry? - Hyperledger
27. Which of the following platform(s) provides a modular architecture? - Hyperledger
28. New bitcoins are released every time a transaction is verified. - True
29. Ethereum is a digital currency. - False
30. Ether provides greater flexibility than Bitcoin does. - True
31. Which platform could gain its best use case from financial service industry? - R3 Corda
32. The first smart contract platform is _______. - Ethereum
33. In asymmetric key cryptography, the private key is kept by _________. Everyone in the network
34. Blockchain could prevent robustness and transparency in the post – trade environment. False
35. Bitcoin is __________. Public to Public Currency(Wrong)
36. Bitcoin is an example of which type of blockchain? Pubic
37. _______ records all the transactions in a blockchain. BLock
38. Smart Contracts are reversible. - False
39. Coincap is a budding cryptocurrency. - False
40. One symbol could be substituted with a key using substitution cipher. - False
41. Number of bitcoins to be ever created would depend upon demand-supply in the market? - False
42. Crypto analysis is used ___________. To find some insecurity in a cryptographic scheme
43. Blockchain offers identity authentication through a visible ledger and thus have greater potential for cyber risk.- False
44. Both ________ and ________ automatically check your previous transactions to make sure you have enough bitcoins to send. - Ledger and your wallet
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