History, Applications and Advantages
Exam UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
What is the primary purpose of blockchain technology? - CORRECT ANSWER To record and
disseminate digital information without allowing for its modification.
How does blockchain technology ensure transaction integrity? - CORRECT ANSWER By
establishing a decentralized, tamper-resistant system for recording transactions.
What is a key feature of blockchain that prevents unauthorized changes? - CORRECT
ANSWER The ledger is immutable, meaning records cannot be edited, erased, or destroyed.
What year was blockchain technology introduced? - CORRECT ANSWER 2008
Who are the authors of the paper that proposed timestamping digital documents? - CORRECT
ANSWER Stuart Haber and W. Scott Stornetta
What is a Merkle Tree? - CORRECT ANSWER A data structure for checking individual
records, named after Ralph Merkle.
What are the advantages of using blockchain technology? - CORRECT ANSWER Enhanced
security, reduced fraud, privacy solutions, and full transparency.
What is a disadvantage of blockchain technology? - CORRECT ANSWER It performs more
operations than a standard database, making it significantly slower.
How does blockchain technology improve digital voting? - CORRECT ANSWER It ensures
that nobody votes twice and that only eligible voters can vote.