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Blockchain QA Mock Questions

The document is a study guide for blockchain concepts, covering topics such as the definition of blockchain, its architecture, consensus mechanisms, smart contracts, and applications in finance and healthcare. It includes questions and answers, along with mock questions for each chapter to reinforce learning. Key challenges and future trends in blockchain technology are also discussed.

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2 views3 pages

Blockchain QA Mock Questions

The document is a study guide for blockchain concepts, covering topics such as the definition of blockchain, its architecture, consensus mechanisms, smart contracts, and applications in finance and healthcare. It includes questions and answers, along with mock questions for each chapter to reinforce learning. Key challenges and future trends in blockchain technology are also discussed.

Uploaded by

oyewalepelumi3
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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BLOCKCHAIN EXAM CRAM: Q&A + MOCK QUESTIONS

CHAPTER 1: INTRO TO BLOCKCHAIN

Q: What is a blockchain?

A: A decentralized, distributed digital ledger used to record transactions securely and immutably.

MOCK: Define blockchain and explain its key features.

CHAPTER 2: ARCHITECTURE & COMPONENTS

Q: Name three main components of a blockchain.

A: Nodes, Miners, Wallets

MOCK: List and explain the types of blockchain networks.

CHAPTER 3: CONSENSUS MECHANISMS

Q: What is the main difference between PoW and PoS?

A: PoW uses computational power; PoS uses coin holdings to validate transactions.

MOCK: Compare Proof of Work and Proof of Stake.

CHAPTER 4: SMART CONTRACTS

Q: What is a smart contract?

A: A self-executing contract with terms written in code, running on blockchain.

MOCK: Describe how smart contracts work with an example.


CHAPTER 5: APPLICATIONS IN FINANCE

Q: Mention two blockchain applications in finance.

A: Cross-border payments, Decentralized Finance (DeFi)

MOCK: Explain how blockchain improves transparency in financial transactions.

CHAPTER 6: BEYOND FINANCE

Q: How can blockchain be used in healthcare?

A: For secure, tamper-proof patient medical records.

MOCK: Describe one non-financial use of blockchain and its impact.

CHAPTER 7: SECURITY & PRIVACY

Q: How does blockchain ensure privacy?

A: Through cryptography, encryption, and zero-knowledge proofs.

MOCK: List two threats to blockchain security and how to mitigate them.

CHAPTER 8: CHALLENGES & LIMITATIONS

Q: Name one challenge of blockchain technology.

A: High energy consumption (especially in PoW systems)

MOCK: Discuss the scalability issue in blockchain and potential solutions.

CHAPTER 9: FUTURE TRENDS

Q: What is Web3?

A: A decentralized version of the internet built on blockchain.


MOCK: List and explain two emerging trends in blockchain.

CHAPTER 10: PROJECT DEVELOPMENT

Q: What are the basic steps in blockchain project development?

A: Planning, Design, Development, Deployment

MOCK: Outline the key phases of a blockchain project life cycle.

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