This is a set of 30 questions of Blockchain MCQs. All questions and answers are based on our research and self-study. If you missed the latest MCQs post on our site please visit once.
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1.) Blockchain which is popularly known as ‘for the people, by the people and of the people” is
2.) Mainly how many types of blockchains have emerged after bitcoin introduced blockchain to the world?
3.) Bankchain is an example of__________
4.) Digital assets must always be tangible
5.) Bitcoin network would make it impossible to bypass the traditional financial intermediaries
6.) The three concepts used to explain the foundation of blockchain are
7.) Consortium Blockchain provides a faster and more protected ecosystem than a Private Blockchain?
8.) Private Blockchain is a de-centralized type of Blockchain?
9.) BlockChain provides __________ a database of every transaction involving value
10.) The value of coins ( litecoin, bitcoin) is the same at a particular time
11.) The two types of cryptography are_________ .
12.) We can buy cryptocurrency
13.) Encryption reduces data security
14.) The value of cryptocurrency is independent of market conditions such as supply and demand
15.) Name the first cryptocurrency with computing power contribution?
16.) Encrypted text is also known as
17.) HASH can be used to validate the input?
18.) Which among the following is the most flexible cryptocurrency?
19.) We may use bitcoin for purchasing merchandise as well?
20.) The higher the computational power, the lower is the difficulty in mining
21.) The rate of generation of new bitcoins is constant
22.) The output of Hashing is popularly known as
23.) Bitcoins can be purchased in exchange for services
24.) Which among the following are the advantages of using Bitcoin
25.) The sender and the receiver in a transaction provide miners with a fee
26.) Which platform could gain its best use case from the financial service industry?
27.) Ether provides greater flexibility than Bitcoin does
28.) The first smart contract platform is
29.) Which of the following platform(s) provides a modular architecture?
30.) New bitcoins are released every time a transaction is verified
31.) Which platform could gain its best use case from the supply chain industry?
32.) Ethereum is a digital currency
33.) Number of bitcoins to be ever created would depend upon demand-supply in the market?
34.) _________________________ records all the transactions in a blockchain.
35.) A transaction without verification in bitcoin could be fastest accomplished in how much time?
36.) One bitcoin could be divided down to __________ decimal point.
37.) One symbol could be substituted with a key using a substitution cipher.
38.) Blockchain could soon replace central banks.
39.) Blockchain could prevent robustness and transparency in the post-trade environment
40.) China and Russia were amongst the first few countries to promote bitcoin in their economy?
Answer Sheet of Blockchain MCQs
| Question Number | Question Answer |
|---|---|
| 1.) | Answer.) Public |
| 2.) | Answer.) 3 |
| 3.) | Answer.) Private |
| 4.) | Answer.) False |
| 5.) | Answer.) False |
| 6.) | Answer.) Ledger, Digital assets, business networks |
| 7.) | Answer.) True |
| 8.) | Answer.) False |
| 9.) | Answer.) Open decentralized |
| 10.) | Answer.) False |
| 11.) | Answer.) Asymmetric and Symmetric |
| 12.) | Answer.) False |
| 13.) | Answer.) False |
| 14.) | Answer.) False |
| 15.) | Answer.) Grid coin |
| 16.) | Answer.) Cipher Text |
| 17.) | Answer.) True |
| 18.) | Answer.) Ether |
| 19.) | Answer.) True |
| 20.) | Answer.) False |
| 21.) | Answer.) False |
| 22.) | Answer.) Digest |
| 23.) | Answer.) True |
| 24.) | Answer.) All |
| 25.) | Answer.) False |
| 26.) | Answer.) R3 Corda |
| 27.) | Answer.) True |
| 28.) | Answer.) Ethereum |
| 29.) | Answer.) Hyperledger |
| 30.) | Answer.) True |
| 31.) | Answer.) Hyerledger |
| 32.) | Answer.) False |
| 33.) | Answer.) False |
| 34.) | Answer.) Block |
| 35.) | Answer.) Instantaneous |
| 36.) | Answer.) 8 |
| 37.) | Answer.) False |
| 38.) | Answer.) True |
| 39.) | Answer.) True |
| 40) | Answer.) False |