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  • Exam Name: Certified Blockchain Business Foundations
  • Last Update: 25-Apr-2024
  • Questions and Answers: 84
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CBBF Questions and Answers

Question # 1

How do consensus algorithms like Proof of Work or Proof of Stake incentivize miners to participate?

A.

By paying miners with U.S. dollars

B.

By paying the miners with cryptocurrency

C.

By placing their name on the Blockchain

D.

By not charging users monthly subscription costs

Question # 2

A smart contract on the Blockchain provides __________. Select all that apply

A.

Specific actions to be taken on events or transactions

B.

The same contracts a bank provides

C.

A set of business conditions that must be met

D.

Better anonymity of those making transactions

Question # 3

Blockchain applications can provide____________________.

A.

the elimination of intermediaries

B.

building more trust between trusted parties

C.

collaboration between trusted parties

D.

better cooperation between banks

Question # 4

One of the great advantages of creating a new Blockchain solution is__________.

A.

the ability to completely customize a unique business solution

B.

combining Blockchain technologies to fit your business solution

C.

merging your existing network technology into a new Blockchain solution

D.

not being limited to a conventional business solution or restriction

E.

All of the above

Question # 5

Which of the following problems did Blockchain solve for cryptocurrencies?

A.

Anonymity

B.

Double Spending

C.

Destination of currencies

D.

None of the above

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