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QUESTION NO: 1
Your company is looking to develop a new token and raise funds for this new platform. What is the process your company would like go thru to raise funds?
A. IPO
B. ICO
C. Audit
D. Crowfunding
Answer: B
QUESTION NO: 2
Looking the graph below, what type of an attack is this likely?
A. Selfish Mining Attack
B. 51% Attack
C. P+ Epsilon Attack
D. Blacklisting
Answer: C
Explanation
A proof of work system is vulnerable to a particular type of attack called the "P+ epsilon attack". In order to understand how this attack works we must define some terms before hand. Un-Coordinated
Choice Model: An uncoordinated choice model is a model where all the participants don't have the incentive to work with one another. The participants may form groups but at no time is the group big enough to become a majority.
QUESTION NO: 3
What are some advantages of Proof of Stake(POS) mining over Proof of Work(POW) mining?
(Select three.)
A. Faster validations compared to POW
B. Energy efficient in regards to that it could consume for electricity as compared to PoW
C. Faster Hashing algorithms
D. Better blockchain security compared to POW
E. No need for expensive compared to POW
Answer: A,B,E
Explanation
This eliminates the below challenges from PoW and believed to have an advantage.
No need of expensive hardware (a normal laptop or computer running the respective coin's Validator client will do as long as your laptop or computer is online) Energy efficient as it won't consume high electricity as PoW does More loyal Validators As higher the stake the Validators have for a long time, more chances for the Validator to be picked up for "forging" and earn the transaction fee Faster validations
QUESTION NO: 4
Secure Hash Algorithm (SHA-256) output is always 256 bits or 32 bytes in length regardless of the length of the input (even if input is millions of bytes). Select best answer.
A. False
B. NSA is spying on us so what's it matter.
C. Depends on input
D. True
Answer: D
Explanation
SHA stands for Secure Hash Algorithm. This is used to prove data integrity. The same input(s) will always produce the exact same output. This output is always 256 bits or 32 bytes in length regardless of the length of the input (even if input is millions of bytes).
QUESTION NO: 5
Hyperledger Composer has following two main components? (Choose two.)
A. Composer Playground
B. Business Network Archive
Answer: A,B
Explanation
Hyperledger Composer has following main components:
1) Business Network Archive: Capturing the core data in a business network, including the business model, transaction logic, and access controls, the Business Network Archive packages these elements up and deploys them to a runtime. Business Network Archive files are stored as ".bna" files.
2) Composer Playground: This web-based tool allows developers to learn Hyperledger Composer, model out their business network (domain), test that network, and deploy that network to a live instance of a blockchain network. The playground keeps the development model in browser storage, allowing them to be easily uploaded or downloaded. The playground also allows for CRUD (create, read, update, delete) operations to be performed on asset transactions which are created and logged. Composer playground offers a repository of sample business networks that can provide a base for building your own business network
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Updated: May 27, 2022