Without 100% autonomy, blockchain software and networks would serve little purpose.

Correct Answer for the Question – Without 100% autonomy, blockchain software and networks would serve little purpose. is given below Without 100% autonomy, blockchain software and networks would serve little purpose. FALSE TRUE Correct Answer The Correct Answer for this Question is TRUE Explanation The Question – Without 100% autonomy, blockchain software and networks would serve … Read more

Satoshi Nakamoto invented a way to achieve Decentralized Consensus?

Correct Answer for the Question – Satoshi Nakamoto invented a way to achieve Decentralized Consensus? is given below Satoshi Nakamoto invented a way to achieve Decentralized Consensus?Reference: https://www.interlogica.it/en/insight-en/nakamoto-consensus/ TRUE FALSE Correct Answer The Correct Answer for this Question is TRUE Explanation The Question – Satoshi Nakamoto invented a way to achieve Decentralized Consensus? has been answered … Read more

All blockchain networks and systems require autonomous on-chain code in order to process transactions.

Correct Answer for the Question – All blockchain networks and systems require autonomous on-chain code in order to process transactions. is given below All blockchain networks and systems require autonomous on-chain code in order to process transactions. FALSE TRUE Correct Answer The Correct Answer for this Question is FALSE Explanation The Question – All blockchain networks … Read more

In Hyperledger Fabric chaincode runs in a secured Docker container isolated from the endorsing peer process?

Correct Answer for the Question – In Hyperledger Fabric chaincode runs in a secured Docker container isolated from the endorsing peer process? is given below In Hyperledger Fabric chaincode runs in a secured Docker container isolated from the endorsing peer process?Reference: http://hyperledger-fabric.readthedocs.io/en/release-1.1/chaincode.html TRUE FALSE Correct Answer The Correct Answer for this Question is TRUE Explanation The … Read more

The reason that cryptocurrencies such as Bitcoin, Ethereum and Litecoin can be exchanged one with another is due to the fact that they all operate on the same blockchain network

Correct Answer for the Question – The reason that cryptocurrencies such as Bitcoin, Ethereum and Litecoin can be exchanged one with another is due to the fact that they all operate on the same blockchain network is given below The reason that cryptocurrencies such as Bitcoin, Ethereum and Litecoin can be exchanged one with another is … Read more

Blockchains only work to store financial transactions or other exchanges of monetary value.

Correct Answer for the Question – Blockchains only work to store financial transactions or other exchanges of monetary value. is given below Blockchains only work to store financial transactions or other exchanges of monetary value. TRUE FALSE Correct Answer The Correct Answer for this Question is FALSE Explanation The Question – Blockchains only work to store … Read more

Application Specific Integrated Circuit (ASIC) are used always in enterprise blockchains.

Correct Answer for the Question – Application Specific Integrated Circuit (ASIC) are used always in enterprise blockchains. is given below Application Specific Integrated Circuit (ASIC) are used always in enterprise blockchains.ASICS are generally used in blockchains such as BTC that have a Proof of Work consensus due to competition Reference: https://www.trymining.com/pages/ asic-vs-gpu TRUE FALSE Correct Answer … Read more

Blockchain systems assume all parties are trusted by all other parties in the exchange or ecosystem.

Correct Answer for the Question – Blockchain systems assume all parties are trusted by all other parties in the exchange or ecosystem. is given below Blockchain systems assume all parties are trusted by all other parties in the exchange or ecosystem. FALSE TRUE Correct Answer The Correct Answer for this Question is FALSE Explanation The Question … Read more

By design, permissioned blockchains such as Hyperledger Fabric are not capable of creating or utilizing cryptocurrency.

Correct Answer for the Question – By design, permissioned blockchains such as Hyperledger Fabric are not capable of creating or utilizing cryptocurrency. is given below By design, permissioned blockchains such as Hyperledger Fabric are not capable of creating or utilizing cryptocurrency. FALSE TRUE Correct Answer The Correct Answer for this Question is FALSE Explanation The Question … Read more

Which of the following Blockchains would be correctly stated as centralized?

Correct Answer for the Question – Which of the following Blockchains would be correctly stated as centralized? is given below A centralized system is one that that is governed by a hierarchical authority. Which of the following Blockchains would be correctly stated as centralized?Reference: https://medium.com/@dustindreifuerst/permissioned-vs-permissionless-blockchains-acb8661ee095 Monero Ethereum Bitcoin Cash Ripple Correct Answer The Correct Answer for … Read more