Ethereum - Study guides, Class notes & Summaries

Module Quiz Latest Submission Grade 100% 1. Question 1 All cryptocurrencies are anonymous and the technology makes it easier for criminals to operate. 1 / 1 point True False Correct Good! The main cryptos are only pseudonymous. That is, you can set up an address to receive illicit funds. Everybody sees the transaction. Every time you move the funds, everyone sees that too. If an address is identified as a person’s particular address, then justice is swift (given blockchain is an im...

ISQS 2340 Exam 2 Review TTU- Mitchell Data-Driven Culture - Definition: A data-driven culture relies on data to inform decision-making processes within an organization. ️ Examples of Google's Use of Data and Analytics - Google employs data-driven decision-making through methods such as: - Performance reviews and employee surveys to assess managerial impact. - Statistical analysis to identify variability in performance across managers. - Scientific experimentation to test hypotheses abou...

Where are the transactions recorded in a blockchain? * On a SQL database * On a distributed immutable ledger * On a distributed opaque immutable ledger * On a centralized immutable ledger - Correct Answer On a distributed immutable ledger If the following are the six steps in the process of creating a new block, what is the right time sequence in which the process happens? 1. Nodes verify transactions 2. Transactions were submitted to the network 3. Consensus algorithm 4. Select the...

What is the conversion of Wei To Ether? correct answers 10^18 wei = 1 ETH What is the average block time in Ethereum? correct answers ~14 seconds What is the average block size in ethereum? correct answers 2kb (but it depends) What is a node? correct answers A computer that is connected to a network that processes transactions Name different ETH networks correct answers Live Network (Main), Test Networks (Ropsten, Kovan, Rinkeby) and Private Networks. Could be public, private, o...

Who created the first crypto? - Correct Answer Satoshi Nakamoto, the creator of bitcoin. What is blockchain? - Correct Answer A blockchain is a digital ledger (a shared database) that stores data in blocks linked together via cryptography. Many different types of information can be stored in blockchains, the most common being to track transactions. Decentralized blockchains (bitcoin) are immutable, every transaction is recorded and can be viewed by anyone. What are the four componen...

Explain how t Explain how the blockchain works. - Correct Answer 1. Imagine 10 people with a file folder and a piece of paper. 2. Whenever someone does something, they announce it to all 10 people. 3. Everyone makes a note the announcement on their page until the page is filled. Then everyone seals the page by solving a math puzzle. 4. Solving it ensures that everyone's page had the same info and can't change. 5. Whoever solves it first is rewarded with cryptocurrency. 6. Once the ...

Question 1. The token used in Augur in the context of reporting is called ___ REP Eth Coin Gas a Question 2. Augur's REP Token is ERC 20 compliant. True or false? TRUE FALSE a Question 3. What is the blockchain technology on which Augur is based? Bitcoin Hyperledger Ethereum Dash c Question 4. Wisdom of the crowd is captured by a service called ____. Oracle Event Browse Mine a Question 5. Augur is a private blockchain based decentralized app...

What is the conversion of Wei To Ether? Correct Answer 10^18 wei = 1 ETH What is the average block time in Ethereum? Correct Answer ~14 seconds What is the average block size in ethereum? Correct Answer 2kb (but it depends) What is a node? Correct Answer A computer that is connected to a network that processes transactions Name different ETH networks Correct Answer Live Network (Main), Test Networks (Ropsten, Kovan, Rinkeby) and Private Networks. Could be public, private, or consorti...

In Ethereum how is the block dijculty determined in Ethereum? A. The Block Dijculty increases when the time between mined blocks is below 10 seconds, while it decreases when the time is above 20 seconds. B. The Block Dijculty is determined by the Ethereum Committee every fortnight to reect the average amount of transaction and it cannot be inuenced by the network itself. C. The Block Dijculty increases when the time between mined blocks is below 20 seconds, while it decreases when the t...

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