MID TERM TEST
MODULE NAME: BLOCKCHAIN FUNDAMENTAL
TRAINER : SULAIMANI CAMAEADE
DATE:
LEVEL 5 SWD
Q1: Who published the paper on blind signatures in 1982?
- A. Wei Dai
- B. Hal Finney
- C. David Chaum
- D. Stuart Haber
Q2. Which of the following is NOT a type of consensus mechanism?
A) Proof of Work (PoW)
B) Proof of Stake (PoS)
C) Byzantine Fault Tolerance (BFT)
D) Artificial Intelligence (AI)
Q3) What is blockchain technology?
Q4: How does blockchain technology ensure the immutability and security of the data it
stores?
Q5: What is distributed ledger technology (DLT), and how does it apply to blockchain?
Q6: Why is decentralization a critical feature of blockchain technology?
Q7: What is the role of cryptography in securing transactions on a blockchain network?
Q8: What is the primary difference between cryptocurrency and blockchain technology?
Q9: What does it meant by the terms "cipher" and "key" in cryptography?
Q10: How does a public blockchain differ from a private blockchain in terms of access and
participation?
Q11: what is smart contract
Q12. What are the key application of blockchain technology
Q13: answer by true or false
A. In a Merkle Tree, leaf nodes represent the hash of individual transactions.
B. Each block in a blockchain is linked to the one following it through its
header.
C. HD wallets enhance privacy by using the same address for multiple
transactions.
D. A transaction in a blockchain can represent a transfer of value between
parties
E. A block contains both a header and a body, but only the body contains
transaction data
ANSWER FOR MID TERM TEST
MODULE : BLOCKCHAIN FUNDAMENTAL
DATE 17/10/2024
Q1: Who published the paper on blind signatures in 1982?
- A. Wei Dai
- B. Hal Finney
- C. David Chaum
- D. Stuart Haber
Q2. Which of the following is NOT a type of consensus mechanism?
A) Proof of Work (PoW)
B) Proof of Stake (PoS)
C) Byzantine Fault Tolerance (BFT)
D) Artificial Intelligence (AI)
Q3) What is blockchain technology?
ANSWER: Blockchain technology is an advanced database mechanism that
allows transparent information sharing within a business network. It stores
data in blocks that are linked together in a chain
Q4: How does blockchain technology ensure the immutability and security
of the data it stores?
ANSWER: Blockchain technology is designed to be secure and immutable,
making it nearly impossible to hack or forge data. Each block contains a
unique code and records previous transactions, which, combined with
cryptographic techniques, ensures that the data cannot be altered without
consensus from the network
Q5: What is distributed ledger technology (DLT), and how does it apply to
blockchain?
o Distributed ledger technology (DLT) is a digital record-keeping
system that records transactions and related data in multiple
places simultaneously. In blockchain, each participant has a
copy of the entire ledger, ensuring transparency and reducing
the risk of centralized failure.
Q6: Why is decentralization a critical feature of blockchain technology?
Decentralization prevents any single entity from having control over the
entire network, reducing the risk of fraud and manipulation. It also
enhances security and reliability, as the failure of one node does not
affect the entire system
Q7: What is the role of cryptography in securing transactions on a
blockchain network?
Cryptography secures data from unauthorized access and ensures that
transactions between nodes are safe and verifiable. It helps maintain the
integrity and confidentiality of transactions
Q8: What is the primary difference between cryptocurrency and
blockchain technology?
Cryptocurrency is a digital currency that operates on a blockchain
network, making it secure and transparent. Blockchain is the underlying
technology that enables the creation, management, and transactions of
cryptocurrencies
Q9: What is meant by the terms "cipher" and "key" in cryptography?
o A cipher is a mathematical function used to convert plaintext
into ciphertext. A key is a small piece of information required
to encrypt or decrypt data, determining how the cipher
operates.
Q10: How does a public blockchain differ from a private blockchain in
terms of access and participation?
A public blockchain is permissionless, allowing anyone to join the network,
conduct transactions, and participate in the consensus process. In
contrast, private blockchains restrict access to approved participants only
Q11: Key Applications of Blockchain:
Cryptocurrencies: Bitcoin, Ethereum, and others
Supply Chain Management: Tracking goods from origin to consumer
Financial Services: Smart contracts, decentralized finance (DeFi)
Healthcare: Secure medical records
Voting Systems: Transparent and tamper-proof elections
Q12: answer by true or false
1: In a Merkle Tree, leaf nodes represent the hash of individual transactions.
A: True
2: Each block in a blockchain is linked to the one following it through its
header.
A: False (Each block is linked to the previous one.)
2: HD wallets enhance privacy by using the same address for multiple
transactions.
A: False (They generate new addresses for each transaction to enhance
privacy.)
3: A transaction in a blockchain can represent a transfer of value between
parties.
A: True
4: A block contains both a header and a body, but only the body contains
transaction data.
A: False (The header also contains metadata related to transactions.)
