Blockchain MCQs

Blockchain MCQs

Our experts have gathered these Blockchain MCQs through research, and we hope that you will be able to see how much knowledge base you have for the subject of Blockchain by answering these 20 multiple-choice questions.
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1: What are UTXOs in a Bitcoin Blockchain?

A.   These are rewards for miners

B.   These are transaction output that has ben expended

C.   These form the input and output for transactions

D.   These are actual currency that is sent to the receiver of a transaction

2: What is a blockchain?

A.   A Currency

B.   A centralized ledger

C.   A type of cryptocurrency

D.   A distributed ledger on a peer to peer network

3: Which of the following industry can use blockchain technology for cybersecurity?

A.   Logistics

B.   Healthcare

C.   Critical infrastructure

D.   All of the Above

4: What are the pillars of blockchain technology?

A.   Decentralization

B.   Immutability

C.   Transparency

D.   All of the Above

5: How many pillars of blockchain technology have?

A.   2

B.   3

C.   4

D.   6

6: A Blockchain carries no transaction cost.

A.   True

B.   False

7: What are the benefits of blockchain technology?

A.   Security & Speed

B.   Fraud control & Access levels

C.   No hidden fees

D.   All of the Above

8: What are the disadvantages of Blockchain Technology?

A.   Blockchain is not indestructible.

B.   Scalability remains blockchain's weakness.

C.   Blockchain entries do not last forever or are not immutable.

D.   All of the Above

9: What is the full form of P2P in blockchain?

A.   Peer to Peer

B.   Public to private

C.   Product to Product

D.   None of above

10: Bitcoin was created by ...................

A.   John Mcafee

B.   Satoshi Nakamoto

C.   Alon musk

D.   None of above

11: What is the term for when a blockchain splits?

A.   A fork

B.   A merger

C.   A division

D.   None of above

12: Blockchain is a type of ................

A.   View

B.   Table

C.   Object

D.   Database

13: Blockchains are store data in the form of?

A.   Lines

B.   Circle

C.   Blocks

D.   None of above

14: Are Decentralized blockchains immutable?

A.   True

B.   False

15: The blockchain was invented by .................... in 2008.

A.   Alon Musk

B.   Bill Gates

C.   Satoshi Nakamoto

D.   None of above

16: The blockchain is considered a type of .................

A.   Payment rail

B.   Payment method

C.   Payment Organisation

D.   None of above

17: A blockchain has been described as a value-exchange protocol.

A.   Yes

B.   No

18: A hybrid blockchain has a combination of .................. features.

A.   Centralized

B.   Decentralized

C.   Both Centralized & Decentralized

D.   None of above

19: The Some of the largest, most known public blockchains are the ...........................

A.   Bitcoin blockchain

B.   Ethereum blockchain

C.   Hybrid blockchain

D.   Both Bitcoin & Ethereum blockchain

20: Currently, there are four types of blockchain networks. these are ......................

A.   Public blockchains

B.   Private blockchains

C.   Consortium & hybrid blockchains

D.   All of the Above