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Free Certified Cryptocurrency Auditor - Blockchain Council Exam Questions and Answers
Last updated: February 19, 2025
Examtopics Certified Cryptocurrency Auditor - Blockchain Council Prepaway Real Exam Questions and dumps free download
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Certified Cryptocurrency Auditor - Blockchain Council
#Question
What does a 10-minute block time typically indicate?
A.
Efficient transaction processing
B.
High network congestion
C.
Slow transaction times
D.
Low network security
Correct Answer:
A
A consistent block time indicates a functioning network that processes transactions efficiently.
#Question
Which consensus mechanism requires participants to hold a certain amount of the currency?
A.
Hashing
B.
Delegated Proof of Stake
C.
Proof of Work
D.
Proof of Stake
Correct Answer:
D
Proof of Stake requires coin holders to lock up their assets to validate transactions and secure the network.
#Question
What does "cold storage" refer to in cryptocurrency?
A.
Keeping funds on exchanges
B.
Storing online
C.
Keeping wallets open
D.
Storing offline securely
Correct Answer:
D
Cold storage involves keeping cryptocurrencies offline to protect them from hacks or unauthorized access.
#Question
How can blockchain benefit the entertainment industry?
A.
By limiting access
B.
By centralizing content
C.
By increasing piracy
D.
By simplifying contracts
Correct Answer:
D
Blockchain simplifies contract management and payment systems in the entertainment industry.
#Question
What is the core principle of decentralized finance (DeFi)?
A.
Centralized control
B.
Elimination of intermediaries
C.
Reduced transparency
D.
Increased reliance on banks
Correct Answer:
B
DeFi aims to remove intermediaries from financial transactions, allowing for peer-to-peer interactions.
#Question
What is the purpose of a digital signature in blockchain?
A.
To authorize transactions
B.
To increase speed
C.
To verify identity
D.
To track transaction history
Correct Answer:
A
Digital signatures authenticate and secure transactions in the blockchain, ensuring they have not been tampered with.
#Question
What does interoperability in blockchain enable?
A.
Limited access
B.
Centralized control
C.
High transaction fees
D.
Communication between different blockchains
Correct Answer:
D
Interoperability allows different blockchain networks to work together, enhancing user experience and data sharing.
Certified Cryptocurrency Auditor - Blockchain Council
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