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Block Chain MCQs

#1. Which blockchain platform is known for its focus on providing privacy and anonymity in transactions?

#2. What is the purpose of a nonce in a proof of work consensus algorithm?

#3. What is the function of a token in a blockchain ecosystem?

#4. Which blockchain platform is designed for facilitating cross-border payments and remittances?

#5. What is the purpose of a gas fee in the Ethereum blockchain?

#6. What is the main advantage of a permissioned blockchain compared to a public one?

#7. Which blockchain platform uses the "Solidity" programming language for smart contract development?

#8. What is a 51% attack in the context of blockchain security?

#9. Which consensus algorithm aims to achieve consensus by ensuring that each node in the network has an equal chance of validating a block?

#10. What is the purpose of a cold wallet in cryptocurrency storage?

#11. Which type of attack involves flooding a network with a large volume of transactions to overwhelm its capacity?

#12. What is the function of a "soft fork" in blockchain technology?

#13. Which blockchain platform is designed for creating and executing smart contracts, particularly in enterprise settings?

#14. What is the role of a validator in a proof of stake consensus algorithm?

#15. What is the primary benefit of using a consortium blockchain over a public one?

#16. What is the purpose of a consensus algorithm in a blockchain network?

#17. What does the term "immutable" mean in the context of blockchain technology?

#18. Which blockchain platform is known for its focus on facilitating supply chain management?

#19. What is the primary advantage of using a blockchain for supply chain management?

#20. What is the purpose of a "hard fork" in blockchain technology?

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