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Effective Study Techniques for the Blockchain CBSA Exam

Questions 61

The block creation time is set to how many minutes in Bitcoin? 

Options:

A.

1

B.

10

C.

120

D.

100

E.

15

F.

150

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Questions 62

Consider the following scenario. A startup is building a chat app for smart phones where the messages sent between users are anonymous and get destroyed within 24 hours of being sent.

Which architecture would best solve the product need?

Options:

A.

Ethereum for token management and chat messages; Mobile apps use JSON-RPC to communicate directly with Smart Contracts

B.

Private blockchain to persist chat messages; Custom built token system with private blockchain smart contract

C.

Token management for shareholders in a public blockchain; Mobile apps and data management built on existing multitier systems without use of blockchain

D.

Hybrid blockchain for token management with Proof of Stake; private blockchain to persist the chat messages

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Questions 63

Your company working for is now considering the blockchain. They would like to perform a POC with R3 Corda. The CIO was reading about different blockchain consensus algos and would like to understand what type of consensus algos is used with Corda.

What is the best answer?

Options:

A.

R3 Corda is a pluggable blockchain and allows the enterprise flexibility

B.

R3 Corda is a byzantine fault tolerant blokchain

C.

R3 Corda is a proof of stake based blockchain

D.

R3 Corda is a proof of work based blockchain

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Questions 64

__________ is a real-time gross settlement system (RTGS), currency exchange and remittance network by __________

Options:

A.

Ripple, Ripple

B.

Ripple, JP Morgan

C.

XRP, Ripple

D.

Ripple, XRP

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Questions 65

Hyperledger Composer has two main components.

What are the two components? (Select two.)

Options:

A.

Fabric

B.

Sawtooth

C.

Playground

D.

Explorer

E.

Business Network Archive

F.

SDK

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Questions 66

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

Options:

A.

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

B.

A website that shows current data from various stock markets

C.

A mobile app that displays information about today’s weather

D.

None of the above

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Questions 67

Which of the following is NOT considered a token?

Options:

A.

ICON

B.

LTC

C.

Golem

D.

EOS

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