Consider the following scenario: A solo app developer wants to create their own cryptocurrency and build a blockchain based that allows users to buy and sell second-hand items with that cryptocurrency from each other. Before the transaction is considered complete, the purchaser must put the funds in an escrow service and the sender must enter the courier tracking number into that same escrow. Time is of the essence and this developer doesn’t want to worry about networking of infrastructure. This app must be fully autonomous or “decentralizedâ€.
Which architecture would best solve the product need?
Blockchains are decentralized ledgers which, by definition, are not controlled by a central authority. Due to the value stored in these ledgers, bad actors have huge economic incentives to try and cause faults.
What algo was the original solution to the potential problem as specified by Satoshi?
You currently on a conference call with an executive from a too big to fail bank. They are validating that they want to use Quorum or another enterprise blockchain. They specifically want to know what type of consensus algo it uses and what industry for the Quorum blockchain targets.
The fabric framework is implemented on ______programming language.
What programming language?
What type of "bug" generally occurs when something isn’t right according to business requirements?
Application Specific Integrated Circuit (ASIC) are used always in enterprise blockchains.
Which one of the following is a consideration that must be taken into account when using Hyperledger Fabric that you wouldn’t need worry about on Ethereum?
When you considering cryptography for a blockchain what would be types of symmetric cryptography you could consider? (Select two.)
In regards to understanding the Ethereum Virtual Machine what statement is true?
When you are developing with Fabric Composer which of the following is true?
In Hyperledger Fabric, the smart contract logic is also called by two other names _______________ and ______________? (Select two.)
If a Proof of Work blockchain such a s Bitcoin or Ethereum changed to a Proof of Stake consensus paradigm, which key component of the Proof of Work process would be eliminated?
You are using Geth and you would like to list the accounts controlled by the node.
What is the command?
Smart Contracts are generally written in specific programming languages. Which one is NOT a language for smart contracts?
What are two cryptocurrencies that you would expect to see mining equipment with ASICS? (Select two.)
The first actual known blockchain software implementation and deployment occurred:
How many peers in the network need to endorse a transaction in a Hyperledger Fabric blockchain?
The “Nothing-at-Stake†problem that could be realized by Proof of Stake networks would be caused by what?
By design, permissioned blockchains such as Hyperledger Fabric are not capable of creating or utilizing cryptocurrency.
What is provided by the Hyperledger Fabric to facilitate network communications?
___________is advantageous because it presents scalability and low cost transactions, but like DPoS introduces a component of centralization.
What algorithm is being referenced here?
When a consensus algo is considered to be "pluggable modularity», what does that mean?
A Smart Contract needs to check the daily closing price of a stock, in order to determine how to act. The proper way to do this is with the use of ______________.