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VLBCF-Modules-7-11-Quiz

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VLBCF-Modules-7-11-Quiz

January 15, 2023

7 question quiz on topics covered within Modules 7 through 11.

Time limit: 0

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Question 1 of 6

1. Question
Which of the following is a well-known limitation(s) of blockchain technology?
- Decentralization
- Security arising from double spend problems
- Sharing of data is difficult
- Performance and throughput are particularly slow
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Question 2 of 6

2. Question
Which of the following is an advantage of blockchain technology?
- Mass replication of data
- Admin overhead is low
- Trustless sharing of data and assets
- Transaction speed is fast
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Question 3 of 6

3. Question
Which of the following is NOT a problem in terms of the Bitcoin Blockchain storage?
- Every node storing a copy increases the trust in the system.
- Every node has to store the Blockchain.
- The Blockchain size is growing at 100MB a day on average.
- Network speeds have to be very fast for block data storage and replication.
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Question 4 of 6

4. Question
What are the greatest challenges from a regulatory perspective for the Blockchain space?
- The decentralized nature of the network, and jurisdiction and territoriality questions.
- Understanding the technology landscape which is complicated and new.
- Openness and transparency of the blockchain
- Ensuring that the incumbents in the industry have a role to play.
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Question 5 of 6

5. Question
Which areas do the regulators see the greatest promise from a regulatory standpoint?
- In payment processing due to the openness and transparency, coupled with anonymity
- The KYC and AML applications of the technology
- Transaction processing to facilitate easier financial transactions
- Protecting client and end user data
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Question 6 of 6

6. Question
Which of the following best describes a DAO and who controls it?
- The DAO is a decentralized and distributed autonomous organization that is not controlled by any one person or organization.
- The DAO is like a company and is controlled by the shareholders.
- The DAO is controlled by the Ethereum foundation
- The DAO runs by itself and is based on code and no one has any say in how it is run.
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