CBBF Certified Blockchain Business Foundations Questions and Answers

It allows for a secure, global, and peer to peer record of data

It provides anonymity when making transactions

It is a free, trusted bank

It replaces all ledgers

All of the above

True

False

To limit user access and permissions

It is less expensive to develop

It requires less mining power than a public Blockchain

It requires fewer administrators to manage it

Authority

Anonymity

Efficiency

Accuracy

Windows compatible

energy efficient

Linux compatible

turing-complete

By paying miners with U.S. dollars

By paying the miners with cryptocurrency

By placing their name on the Blockchain

By not charging users monthly subscription costs

True

False

increase the use of cryptocurrency

speed up the internet

make Bitcoin less expensive

increase device connectivity

Person to Person

Public to Person

Peer to Peer

Product to Person

None of the above

To provide anonymity in business

To save money by eliminating intermediaries

To create a distributed database that allows for CRUD

To provide transparency and trust for business while remaining secure

Everyone on the Blockchain

No one

Only the creator

The users with access permissions

None of the above

a trustless system where users can be certain of a result

easy iteration through the Blockchain

Records on the Blockchain to never be changed

users on the Blockchain to change data on the Blockchain

keeping the network configuration a secret

providing a public and private encryption key

allowing users to communicate with each other anonymously

keeping the I.P. addresses a secret

determines which node stores the assets

records the transfer of an asset between participants

proves ownership on the Blockchain

provides privacy to users on the Blockchain

True

False

By revealing the identity of each voter and who or what they voted for

By controlling who gets to vote

By only allowing a certain number of votes per person

By allowing voters to trust their vote has been counted

A private Blockchain does not use proof of work consensus

A private Blockchain is more efficient and has faster transaction times

A private Blockchain is not distributed

A private Blockchain often requires the identity of users to be known

True

False

Anonymity

Double Spending

Destination of currencies

None of the above

the latest banking software

the same network S/W as the central bank

the latest router S/W and network H/W

A combination of older technology

Any business transactions

International shipping

The transportation industry

Financial transactions

Always permissioned and private

It can employ smart contracts

Modular design allowing for flexibility in solution

Multiple consensus methods can be chosen for use

All the above