Blockchain CBSA Exam Practice Test Instant Access

Question 1

Which of these desired outcomes is best obtained through a Blockchain solution?

APending financial transactions need to be stored until completed and then should be deleted

BA website that shows current data from various stock markets

CA mobile app that displays information about today's weather

DNone of the above

Answer : B

Question 2

In common blockchain design, identity and transaction approval is possible through:

AAES encryption

BPublic key cryptography

CSecret key cryptography

DNone of the above

Answer : D

Question 3

A product's supply chain data is stored on blockchain. Only members of the product supply chain can write announcements to the blockchain but any consumer can query this data in a store to learn more about the product they want to buy. This is an example of a ____/____ blockchain.

Apublic /closed

Bprivate / open

Cprivate / closed

Dpublic / open

Answer : B

Question 4

Ownership or partial ownership of an asset can be tracked with which type of token?

AEquity

BUtility

CEthereum

DGame-based

Answer : B

Question 5

Proof of Stake offers which advantage over Proof of Work?

AGreater transaction speed

BIt is compatible with new generation chipsets

CIt has a longer history and deeper knowledge base

DNone of the above

Answer : D

Question 6

If a company desires to create a unique cryptocurrency and launch a new blockchain network to host it.

AThey must use ERC20 standard for the token, clone the Ethereum Virtual Machine, then launch a series of nodes

BThey must use ERC20 standard for the token and can use any open source blockchain tool/system to launch a series of nodes

CThey can both create their own cryptocurrency and launch their own blockchain network with any common open source blockchain tool/system

DNone of the above

Answer : C

Question 7

If a product's requirements call for public autonomous on-chain code, only using open source code, using cryptographic tokens, and allowing its users the ability to earn tokens, this product should be launched on the Ethereum blockchain.

AFALSE

BTRUE

Answer : B

Blockchain CBSA BTA Certified Blockchain Solution Architect Exam Practice Test