Blockchain which is popularly known as ‘for the people, by the people and of the people” is – public
Mainly how many types of blockchains have emerged after bitcoin introduced blockchain to the world? – 3
Bankchain is an example of – private
Digital assets must always be tangible – False
Bitcoin network would make it impossible to bypass the traditional financial intermediaries – false
The three concepts used to explain the foundation of blockchain are – Ledger, Digital assets, business networks
Consortium Blockchain provides a faster and more protected ecosystem than a Private Blockchain – True
Private Blockchain is a de-centralized type of Blockchain? – false
BlockChain provides database of every transaction involving value – open decentralized
The value of coins ( litecoin, bitcoin) is the same at a particular time – false
The two types of cryptography are – Asymmetric and Symmetric
We can buy cryptocurrency – false
Encryption reduces data security – false
The value of cryptocurrency is independent of market conditions such as supply and demand – false
Name the first cryptocurrency with computing power contribution? – gridcoin
Encrypted text is also known as – Cipher Text
HASH can be used to validate the input? – true
Which among the following is the most flexible cryptocurrency? – litecoin
We may use bitcoin for purchasing merchandise as well? – true
The higher the computational power, the lower is the difficulty in mining – false
The rate of generation of new bitcoins is constant – false
The output of Hashing is popularly known as – digest
Bitcoins can be purchased in exchange of services – true
Which among the following are the advantages of using Bitcoin – All
The sender and the receiver in a transaction provide miners with a fee – false
Which platform could gain its best use case from the financial service industry? – R3 Corda
Ether provides greater flexibility than Bitcoin does – true
The first smart contract platform is – Ethereum
Which of the following platform(s) provides a modular architecture? – Hyperledger
New bitcoins are released every time a transaction is verified – true
Which platform could gain its best use case from supply chain industry? – hyerledger
Ethereum is a digital currency- false
Number of bitcoins to be ever created would depend upon demand-supply in the market? – false
records all the transactions in a blockchain. – block
A transaction without verification in bitcoin could be fastest accomplished in how much time? – Instantaneous
One bitcoin could be divided down to _ decimal point – 8
Smart Contracts are reversible – false
One symbol could be substituted with a key using substitution cipher – false
Blockchain could soon replace central banks – true
Blockchain could prevent robustness and transparency in the post – trade environment – true
China and Russia were amongst the first few countries to promote bitcoin in their economy? – false
Both _ and automatically check your previous transactions to make sure you have enough bitcoins to send – (wrong – minors and Users)
Bitcoin is an example of which type of blockchain? ( Private is wrong)
Currencies other than Bitcoin such as Litecoin and Dash are popularly known – Cryptocurency
In asymmetric key cryptography, the private key is kept by _. Receiver