Blockchain Questions And Verified
Answers A+ Pass
Blockchains allow for transfer of funds without the use of traditional financial
institutions - CORRECT ANSWER-true
Blockchain allows us to write code that creates binding contracts and guarantee the
contracts will bear out without a third party enforcer. - CORRECT ANSWER-true
Blockchain creates a shared reality across non-trusting entities - CORRECT
ANSWER-true
Blockchain allows human economic activity to be collateralized and semi-
automated. - CORRECT ANSWER-false
Blockchain utilizes the concept of 'consensus' which basically means that the
transaction must be approved by at least a few other blockchain participants. -
CORRECT ANSWER-false
Blockchain is really just a distributed, digital ledger which can be used for
exchange, agreements & contracts, tracking and payment. - CORRECT
ANSWER-true
Answers A+ Pass
Blockchains allow for transfer of funds without the use of traditional financial
institutions - CORRECT ANSWER-true
Blockchain allows us to write code that creates binding contracts and guarantee the
contracts will bear out without a third party enforcer. - CORRECT ANSWER-true
Blockchain creates a shared reality across non-trusting entities - CORRECT
ANSWER-true
Blockchain allows human economic activity to be collateralized and semi-
automated. - CORRECT ANSWER-false
Blockchain utilizes the concept of 'consensus' which basically means that the
transaction must be approved by at least a few other blockchain participants. -
CORRECT ANSWER-false
Blockchain is really just a distributed, digital ledger which can be used for
exchange, agreements & contracts, tracking and payment. - CORRECT
ANSWER-true
