Blockchain is one of the most revolutionary technologies of our time, reshaping industries from finance to healthcare. Whether you're a seasoned pro or just starting out, this quiz will challenge your knowledge, test your skills, and help you discover something new about blockchain. Ready to dive i...
, EduResourceHive
TITLE: BLOCKCHAIN TECHNOLOGY ADVENTURE
Blockchain is one of the most revolutionary technologies of our time,
reshaping industries from finance to healthcare. Whether you're a
seasoned pro or just starting out, this quiz will challenge your
knowledge, test your skills, and help you discover something new about
blockchain. Ready to dive in and see if you're a blockchain genius? Let’s
go!
2
, EduResourceHive
1. Multiple-Choice Question:
What is a blockchain?
A blockchain is a _______.
A) Centralized ledger used by governments to track citizen activities
B) Distributed, decentralized public ledger for recording transactions
C) Private network owned by a corporation
D) Tool used to mine physical gold
Correct Answer: B
Explanation: Blockchain is a decentralized digital ledger spread across
multiple computers, designed to record transactions transparently and
securely without needing a central authority.
2. True/False:
Blockchain technology is only used for cryptocurrencies like Bitcoin.
A) True
B) False
Correct Answer: B
Explanation: While blockchain gained fame through cryptocurrencies, it
has numerous applications beyond crypto, such as in supply chain
management, healthcare, voting systems, and smart contracts.
3
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3. Short Answer:
Who created Bitcoin and introduced blockchain technology to the
world?
Answer: Satoshi Nakamoto
Explanation: Satoshi Nakamoto is the pseudonymous person (or group
of people) who created Bitcoin and introduced the world to blockchain
technology through the Bitcoin whitepaper in 2008.
4. Essay Question:
In your own words, explain how blockchain improves security and
transparency in digital transactions.
Answer: Blockchain enhances security through its decentralized nature,
where no single entity controls the data, making it harder to manipulate.
Each transaction is verified by a network of nodes, and once recorded, it
is immutable. Transparency is achieved because every participant can
view the transaction history in real time.
5. Fill-in-the-Blank:
Smart contracts are _______ that automatically execute when conditions
are met.
A) Legal documents
B) Digital agreements
C) Traditional contracts
D) Computer viruses
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