Blockchain MCQ Questions And Answers (2024)

This section focuses on "Basics" of Blockchain. These Multiple Choice Questions (MCQ) should be practiced to improve the Blockchain skills required for various interviews (campus interviews, walk-in interviews, company interviews), placements, entrance exams and other competitive examinations.

1.A blockchain is a type of?

A. Object
B. Database
C. Table
D. View

View Answer


2.Blockchains store data inthe form of?

A. line
B. circle
C. block
D. rhombus

View Answer


3.In Bitcoin case, blockchain is used in a __________way.

A. decentralized
B. centralized
C. Both A and B
D. None of the above

View Answer


4.Decentralized blockchains are immutable?

A. TRUE
B. FALSE
C. Can be true or false
D. Can not say

View Answer


5.A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using?

A. Timestamp
B. hash
C. Merkle tree
D. Cryptography

View Answer


6.Who first proposed a blockchain-like protocol?

A. Stuart Haber
B. W. Scott Stornetta
C. David Chaum
D. Dave Bayer

View Answer


7.The first blockchain was conceptualized by a person (or group of people) known asSatoshi Nakamotoin?

A. 2005
B. 2008
C. 2006
D. 2004

View Answer


8.Which of the following statement is true about blockchain?

A. A blockchain is adecentralized,distributed, and oftentimes public, digital ledger consisting of records calledblocks
B. A blockchain database is managed autonomously using apeer-to-peernetwork and a distributed timestamping server
C. A blockchain has been described as avalue-exchange protocol.
D. All of the above

View Answer


9.Blocks hold batches of valid transactions that are hashed and encoded into a?

A. merkle tree
B. cryptographic hash
C. genesis block
D. temporaryfork

View Answer


10.Theblock timeis the average time it takes for the network to generate one extra block in the blockchain.

A. TRUE
B. FALSE
C. Can be true or false
D. Can not say

View Answer

Discussion

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Blockchain MCQ Questions And Answers (2024)

FAQs

What is a blockchain in MCQ? ›

What is a blockchain? A blockchain is a centralized digital ledger consisting of records called blocks. A blockchain is a decentralized, distributed, digital ledger consisting of records called blocks. A blockchain is a digital database consisting of records called class. It is a private ledger that no one can inspect.

What are the 5 elements of the blockchain? ›

True blockchain has five elements: Distribution, encryption, immutability, tokenization and decentralization.

What are the 3 most important components for a blockchain? ›

In summary, the three key components of blockchain networks are cryptography, consensus algorithms, and peer-to-peer network hash codes.

What is the first step of blockchain project mcq? ›

Explanation: The first step when implementing a blockchain technology is to identify your use case. A use case in this scenario is a specific situation or problem that blockchain is able to solve in a more efficient manner than other technologies.

What is blockchain short answer? ›

Blockchain technology is an advanced database mechanism that allows transparent information sharing within a business network. A blockchain database stores data in blocks that are linked together in a chain.

What is a node in blockchain mcq? ›

A node in Blockchain refers to a computer or device connected to a Blockchain network.

What are the 4 types of blockchain? ›

There are four main types of blockchain networks: public blockchains, private blockchains, consortium blockchains and hybrid blockchains. Let's explore each of these platforms and its benefits, drawbacks and ideal uses.

What are the three pillars of blockchain? ›

Understanding the three pillars of blockchain. To understand the blockchain trilemma, we must first become familiar with the fundamental pillars of blockchain technology, which include 1) security, 2) scalability, and 3) decentralization.

What are the four key concepts of blockchain? ›

For developers willing to learn blockchain development, it is essential to understand how they will write software applications in the future and how different blockchain concepts like consensus, trusted computing, smart contracts, and file storage systems interact with one another in a decentralized environment.

Which is the most actively used blockchain? ›

The most actively used blockchain is Ethereum.

What is a node in a blockchain? ›

A blockchain node is a device, usually a computer, that participates in a blockchain network. It runs the blockchain protocol's software, allowing it to help validate transactions and keep the network secure. Blockchain nodes communicate with each other. The more nodes there are, the more decentralized the network is.

What are the three main blockchain protocols? ›

However, five major protocols are most significant, so an overview of the main protocols that are often used in Blockchain development services is detailed below.
  • Hyperledger. ...
  • Multichain. ...
  • Enterprise Ethereum. ...
  • Corda. ...
  • Quorum.

What type of transaction cannot be stored in blocks on a blockchain? ›

A transaction that assigns copyright ownership to a song cannot be stored in blocks on block chain. Explanation: As we know, blocks on bitcoins store data about monetary transaction. Block chain is the centralized chain and therefore there is no central place for it to be stored.

What is the first block in a blockchain called? ›

A genesis block is the first block of a blockchain. Genesis block is almost hardcoded into the software of the applications that utilize its blockchain.

What came before blockchain? ›

Blockchain's historical building blocks

Pioneers like Merkle and his tree, Chaum and digital cash, Haber and timestamping, Dwork and proof of work (PoW), Black and hashcash, Finney and reusable PoW dotted the early years of the pre-blockchain landscape.

What's a blockchain quizlet? ›

Blockchain is an encrypted, distributed database shared across multiple computers or nodes that are part of a community or system.

What is this blockchain? ›

A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.

What best defines blockchain? ›

Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.

What can a blockchain be described as? ›

A blockchain is a distributed database or ledger shared among a computer network's nodes. They are best known for their crucial role in cryptocurrency systems for maintaining a secure and decentralized record of transactions, but they are not limited to cryptocurrency uses.

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