Blockchain Basics Quiz

Create an illustration depicting a blockchain network with connected nodes, smart contracts, and digital currency symbols, showcasing the concept of decentralized technology.

Blockchain Basics Quiz

Test your knowledge and understanding of blockchain technology with our engaging quiz! Whether you're a beginner or someone familiar with blockchain concepts, this quiz will challenge you.

10 multiple-choice questions
Assess your understanding of blockchain and smart contracts
Fun and educational!

10 Questions2 MinutesCreated by LearningCode487

Blockchain is

A collection of data which can be altered

A collection of data linked together which can’t be altered

A collection of data to transfer only money

Main components of blockchain are

Data, hash and immutability

Hash and data

Data, hash and hash of previous block

The data contains

Personal details

Transaction details

Stored information

Immutability is the storing data which cannot be changed

True

False

The advantages of blockchain are

Storing data and cost more

Immutable records, fastest transaction and trust between parties

Cost less and slow transaction

Blockchain is used for

Bank transfer, money transfer and medical records

Only for bank transfers

Smart contract is an agreement found inside blockchain

True

False

The advantages of smart contract are

Provide security and no breach of agreement

Everyone can access it and it is an agreement

Anyone can change it and it is safe

Distributed ledger is shared across computers in different locations

True

False

Distributed computing is done only by one computer

True

False

Blockchain Basics Quiz

Blockchain Basics Quiz

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