QU Multiple Choice Questions: + 1. What is a Blockchain technology? (a) acentralized ledger (b) a type of cryptocurrency (© a type of software (d) a distributed ledger on a P2P network10. 11. Which is an online decentralized and distributed ledger technology that has the the ability to keep and track records in a secure, verifiable and transpare, manner? : (a) Cryptocurrency (b) Blockchain : (©) Cryptography (d) None of the mentioned . Which is a collection of related data? (a) Database (b) Blockchain (c) Ledger (a) Bitcoin | Which is a file that contains a list of transactions in blockchain technology? (a) node (b) ledger (©) block (d) consensus . A Blockchain is a which type of network, (a) peer-to-peer (P2P) (b) client-server network (c) Both (a) and (b) (d) None of the mentioned . Blockchain ledger is, (a) digital (b) distributed (c) decentralized (d) All of the mentioned . Which is a decentralized digital currency can be sent from user to user on the peer-to-peer network without the need for intermediaries? (a) Bitcoin (b) Blockchain (©) Both (a) and (b) (d) None of the mentioned Blockchain is a type of, (a) View (b) Database (©) Object . @) Table : Which is the smallest building block of a blockchain (records, information, etc.) that serves as the purpose of Blockchain? (a) Block (b) Chain (©) Transaction (d) Node Example of public Blockchain includes, (a) Bitcoin : (b) Ethereum (©) Litecoin (d) All of the mentioned A database is implemented using, (a) P2P system/network (b) client-server system/network (c) Both (a) and (b) @) None of the mentioned12. 1 14. 1 a 1 a 17. 18, 19, ~ Which is the Process of making sure that the two entities talking with each other can establish a trust Telationship among them? (@) Digital signature (b) Blockchain (©) Bitcoin ; (a) Digital ledger Blockchain uses which cryptography, (a) asymmetric (b) symmetric (c) Both (a) and (b) (d) None of the mentioned Examples for decentralized consensus mechanisms, (a) Proof of work (POW) * (b) Proof of stake (PoS) (c) Proof of Capacity (PoC) (d) All of the mentioned . What is a blockchain? (a) is a digital database consisting of records called transactions. (b) is a centralized digital ledger consisting of records called blocks. (©) is a decentralized, distributed, digital ledger consisting of records called blocks. (d) None of the mentioned 5 . Concurrency in its purest form is a, (a) peer-to-peer version of electronic cash (b) client-server version of electronic cash (©) peer-to-peer version of virtual/digital cash (d) All of the mentioned. Which is a computer program which is intended to automatically execute, control - or document legally relevant events and actions according to the terms of a contract or an agreement? (a) digital ledger (b) smart contract (© Bitcoin (d) Blockchain Which mechanism refers to any number of methodologies used to achieve agreement, trust, and security across a decentralized computer network? (a) smart contract (b) digital ledger (©) consensus (d) None of the mentioned Which function that converts an input of arbitrary length into an encrypted output ofa fixed length? (a) ledger (b) hash (©) transaction " (@) blockstoma rom mmnn ooo Ug 20. In which Blockchain multiple companies oF stusaye~ to operate the node ina network. (b) private e nett @ Consortium/Federated 8 21. Which is a data structure serve to encode blockchain data more efficiently 2, securely? 3 (a) block tree (b) Merkle tree (©) transaction tree (d) None of the mentioned 22. Asymmetric cryptography uses which keys for encryption and decryption, (a) public key (b) private key (©) Both (a) and (b) (d) None of the mentioned 23. Digital currencies in Blockchain includes, (a) Bitcoin (b) ether ot ETH (©) Monero (d) All of the mentioned Answers 1@_|26) (3@ |40© |5@ |6@ [7@ [8 9. 10.(@ | 11. () | 12.(@) | 13. (a) | 14. @) | 15. (©) | 16. @) | 17.) [18.() | 49. @) | 20. | 21.) | 22.) | 23.@ Q.00 Fill in the Blanks: LA is likely decentralized database for si transactions, 2, Blockchain is a technology that enables distributed immutable data in an encrypted and secured way. toring records of values and ledger through 3A Contains all the information about the t i pete ransactions ed on the an ions process 4. has its own associated cryptocurrency Ether or ETH, 5. The is a common consensus al; gorithm used by the most popular cryptocurrency networks like bitcoin and litecoin, vy the Anost, pop A blockchain network is in the style of a blockchain framework. 7. The objectives of are the reduction of arbitrations and enforcement costs, fraud loss, malicious and accidental exceptions. 8, A___-_isa data structure which is used for storing information. ‘A hash function takes an input string (numbers, alphabets, media files) of any Jength and transforms it into a length. isa set of rules and arrangements to carry out blockchain operations, 2. Peer-to-peer network which is running @ Need in trusted intermediators, es, as well as the reduction of 10.41, The ____ Blockchain system is controlled only by users from a specific organization or authorized users who have an invitation for participation. 42. The ____ system is adistributed network in which most of the resources and services consumed by a users (clients) are managed and exhibited by a centralised servers. 43, The Merkie tree also called as , 44. The Blockchain is a semi-decentralized network that is managed by multiple organizations. 45, _____ cryptography allows proving one’s identity with a set of cryptographic keys namely, a private key known to everyone) and a public key (kept secret). 46. Cryptocurrencies like Bitcoin and Ethereum use a peer-to-peer conduct transactions. 17, Bitcoin is based on _____Blockchain 18, Cryptocurrency is a digital «_ which can be used to exchange value between parties. 19, Ethereum is a decentralized, system to blockchain with smart contract functionality. 20. signatures are a technique used to provide message authentication and integrity over networks. Answers . 1, Blockchain 2, public 3,_block 4, Ethereum 5. Power-of-Work (PoW) | 6. decentralized _| 7. smart contracts | 8. database 9. fixed 10. Consensus 11. private 12. client-server 13. hash tree 14. consortium 15. Public-key 16. decentralized 17. public 18. asset 19, open-source 20. Digital QuUI State True or False: 1. The word ‘Blockchain’ is made up of two separate terms, ‘block’ and ‘chain’. A block being referred to a collection of data, alias data records, and chain being referred to a public database of these blocks, stored as a list. 2. Digital signature provides a mathematical proof regarding identity of person that approves some particular message in blockchain. 3. A P2P network is a computer network where computers (peers/nodes) are distributed and share the ‘network's workload to reach the end goal. Nodes perform transactions on the blockchain. 4. For a blockchain such as Ethereum, and a DLT such as. Hyperledger, smart contracts, or chain-code, are. the code logic that is executed on a blockchain Network. Web. 5. Consensus is responsible for validating the blocks, ordering the blocks, and ensuring that everyone agreesonit, 6 Anonea in a hlockchain is a group OT collection of information.: a A blockchain distributed ledger runs on a P2P network, where transaction, a i Wi . validated using cryptography by consensus algorithms. 8. Hashing is. the process of sending data through a hash function to progy., : specific, essentially unique hash of a fixed length. ; _ 9. A blockchain network defines the consensus algorithm for it, which is essentis: the rule to validate transactions on the blockchain P2P network. 10. Blockchain is a decentralized, massively replicated database (distributed ledger, where transactions are arranged in blocks, and placed in a P2P network. 11, A digital ledger provide assurance that the message was in fact sent by the sender and not even a single bit of the message has been changed. 12. The network layer in Blockchain, also known as the P2P layer, is the one that is responsible for internode communication. : 13. Consensus is the rules that nodes follow to ensure that transactions are validated within the boundaries of those rules and that blocks follow those rules. 14. dApps is a distributed application that runs on top of a distributed technology like Blockchain, such as Ethereum, Bitcoin, or Hyperledger Fabric. 15. A permissioned blockchain is also known as a public blockchain because anyone can join the network. 16. Ethereum is an open source, public blockchain network. 17. Hybrid Blockachain is a combination of public Blockchain and private Blockchain. 18. Block is a data structure used for keeping a set of transactions which is distributed to all nodes in the network 19. Corda, Hyperledger Fabric, Hyperledger Sawtooth, Corda are the examples of the hybrid Blockchain. 20. A Merkle tree is a binary tree of hashes. 21, A goal of cryptography is to transform any data from its original form, called the plaintext, into an abscure form known as the ciphertext. This Process is called encryption. The reverse process of Tecovering the plaintext from the ciphertext is called decryption, 22. The Proof of Stake (oS) is another common consensus algorithm involves the allocation of Tesponsibility in maintaining the public ledger to a participant nod? in Proportion to the number of virtual currency tokens held by it. 23, Bitcoin is a client-server system based electronic cash, Answers 1.@ 120 |3@lam[smlemliole @ |9@ |10.0 11.) | 12. (1) | 13.) | 14. (+ | 45, ) | 16. cry | 47, @ | 18.09 [49.@ | 20.0 aa, (1) | 22.0] 23.0