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CBBF Exam Dumps : Certified Blockchain Business Foundations

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Certified Blockchain Business Foundations Questions and Answers

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Question 1

Which of the following statements sums up the Proof of Work consensus process?

Options:

A.

Miners complete to find a nonce results in a hash that starts with a predetermined number of leading zeros.

B.

Miners put up a stake. A miner is then selected based on stake value to add a new block to the chain. If a miner adds an invalid block to the chain, that miner loses their stake.

C.

All nodes agree on the data of the transaction.

D.

Miners send assets to an inactive address. This process selects the next owner of a block.

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Question 2

The Blockchain combined with the Internet of Things (IoT) will dramatically ____________.

Options:

A.

increase the use of cryptocurrency

B.

speed up the internet

C.

make Bitcoin less expensive

D.

increase device connectivity

Question 3

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

Options:

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

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