Free CBSA Exam Braindumps (page: 20)

Page 20 of 58

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?

  1. Crowfunding
  2. ICO
  3. Audit
  4. IPO

Answer(s): B


Reference:

https://www.nasdaq.com/article/what-is-an-ico-cm830484



Byzantine Fault Tolerance can be achieved only through Proof of Work.

  1. FALSE
  2. TRUE

Answer(s): A



The difference between Ethereum tokens and a standalone currency like Litecoin is that ____________tokens piggyback on the Ethereum network, hosted by Ethereum addresses and sent using Ethereum transactions.

  1. ERC
  2. ERC20
  3. Ether
  4. BIP

Answer(s): B

Explanation:

The difference between these tokens and a standalone currency like Litecoin is that ERC20 tokens piggyback on the Ethereum network, hosted by Ethereum addresses and sent using Ethereum transactions.


Reference:

https://support.exodus.io/article/108-what-is-an-erc20-token-and-does-exodus-support-it



Which of the following is NOT a requirement of an enterprise blockchain typically?

  1. Append-only distributed system of record shared across business network
  2. Cost efficient blockchain
  3. Transactions are endorsed by relevant participants
  4. Ensuring appropriate visibility; transactions are secure, authenticated & verifiable

Answer(s): B


Reference:

https://developer.ibm.com/courses/all/blockchain-essentials/



Page 20 of 58



Post your Comments and Discuss Blockchain CBSA exam with other Community members:

Ardi commented on November 14, 2024
its a great platform to upskilling your knowledge about blockchain
Anonymous
upvote