Blockchain Fundamentals course T3 Exam

Item 1 - Multiple choice questions

If in doubt between two or more options, select the most correct ones. Each multiple-
choice question is worth 1 point, wrong answers will have negative points.

A system where three or four entities have entire control is (select all correct answers):
a. Weakly decentralized
b. Centralized
c. Distributed
d. Decentralized
e. Weakly distributed
f. Concentrated

Which of the following statements are true?

a. An organization can have a blockchain and sustain itself without having to build
an ecosystem.
b. Blockchain is a superset of Distributed Ledger Technology.
c. A blockchain can exist without having to issue a coin to sustain it.
d. A cryptocurrency can exist and be traded without having its own blockchain.
e. An organization can be part of a blockchain ecosystem without having a
blockchain.

A consensus protocol is:

(select all that apply)
a. Specification of how peers in a network reach an agreement
b. The way new units of crypto currency are minted
c. The way transactions are confirmed
d. A mechanism that ensures that information is only added, and never deleted

Which of the following is the most important benefit of a DLT's peer-to-peer network?
a. It is permissionless.
b. It enhances scalability issues.
c. It enables decentralization and improved transparency.
d. It provides faster transaction times.
e. It enables increased security by reducing the number of nodes.
Let us assume that you want to transfer cryptocurrency to someone. Which of the
following would you need, even if it is not a complete list of things you would need to
complete the transaction:
a. Access to a blockchain where both you and the recipient have wallets.
b. Specialized piece of hardware, like a ledger wallet.
c. Your pair of private and public keys.
d. Access to a complete history of transactions in the blockchain.
e. The recipient’s pair of private and public keys.

Which of the following is true?

a. A programmable blockchain is based on the proof-of-stake protocol
b. A programmable blockchain is based on the proof-of-work protocol
c. A hard fork is a set of changes in the protocol such that they are still compatible
with the old version
d. A hard fork is a set of changes in the protocol such that they become
incompatible with the old version

Which of the following statements about decentralized autonomous organizations

(DAO) voting are true?
a. DAO as a concept is possible because there is Bitcoin
b. DAO voting does not always require tokens
c. DAO voting can be executing using NFTs
d. DAO members cannot vote without at least a wallet.
e. Aragon is a DAO

What is a stable coin?

a. A cryptocurrency with no price volatility
b. A cryptocurrency with unitary value equal to the US dollar
c. A cryptocurrency that never changes value
d. A cryptocurrency with value pegged to a stable asset

In which case you can, without a doubt, claim that a crypto-asset is in your wallet and
you cannot lose it if you know your private key?
a. All of the others
b. When you receive it through participation in the consensus protocol and you
store it on a centralized exchange
c. When you have it in your hardware wallet
d. When you buy it on an exchange
Which of the following can be considered both a "token" and an "altcoin"?

a. C+Charge (CCHG)
b. ANJ (Aragon)
c. ANT (Aragon)
d. Bitcoin
e. Ether