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Free Certified Smart Contract Developer™ - Blockchain Council Exam Questions and Answers
Last updated: February 19, 2025
Examtopics Certified Smart Contract Developer™ - Blockchain Council Prepaway Real Exam Questions and dumps free download
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Certified Smart Contract Developer™ - Blockchain Council
#Question
In what way does blockchain offer advantages in the insurance industry?
A.
Limits accessibility
B.
Automates claims processing
C.
Centralizes risk assessment
D.
Increases fraud opportunities
Correct Answer:
B
Blockchain can automate claims processing in the insurance industry, enhancing efficiency and reducing the opportunity for fraud through transparent and verifiable records.
#Question
How does a decentralized application (DApp) benefit users?
A.
Reduces accessibility
B.
Decreases transparency
C.
Centralizes ownership
D.
Increases control over data
Correct Answer:
D
DApps benefit users by providing more control over their data and privacy, as they typically operate on a decentralized network where user information isn't stored centrally.
#Question
How do "colored coins" enhance the use of Bitcoin?
A.
They verify transactions
B.
They increase Bitcoin value
C.
They track ownership of assets
D.
They represent a form of payment
Correct Answer:
C
Colored coins allow users to create units of Bitcoin that represent and track ownership of physical assets or other digital properties, enhancing Bitcoin's utility.
#Question
What do you call the process of verifying a new transaction before it is added to the blockchain?
A.
Consensus process
B.
Approval process
C.
Validation
D.
Confirmation
Correct Answer:
C
Verification of a new transaction before it is added to the blockchain is known as validation, where nodes check if the transaction meets the network's criteria.
#Question
What happens in an "initial exchange offering" (IEO)?
A.
Tokens are given away for free
B.
Projects operate independently
C.
Exchanges manage the token sale process
D.
Tokens are sold directly to investors
Correct Answer:
C
In an IEO, exchanges manage the token offer on behalf of project developers, ensuring a level of security and credibility for interested investors.
#Question
What does deploying a smart contract on the blockchain mean?
A.
Writing code on a local server
B.
Signing documents with a trusted party
C.
Launching it for execution on the network
D.
Making it available for modification
Correct Answer:
C
Deploying a smart contract on the blockchain means launching it on the network so that it can execute automatically based on defined conditions without further intervention.
#Question
How can blockchain enhance cybersecurity?
A.
By standardizing attacks
B.
By reducing data redundancy
C.
By increasing manual processes
D.
By ensuring data immutability
Correct Answer:
D
Blockchain enhances cybersecurity by ensuring data immutability, which makes data tampering virtually impossible and reduces the potential for unauthorized alterations.
Certified Smart Contract Developer™ - Blockchain Council
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FAQ
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