What is the initial application for which Blockchain was designed?

Blockchain MCQ Quiz (Multiple Choice Questions And Answers)

• Which of the following is popularly used for storing bitcoins?
• Which site run by Ross Ulbricht was closed by the FBI for letting people buy drugs with Bitcoin?
• Which of these US states introduced the BitLicense regulation for cryptocurrency companies?
• Cryptographic Hash Function transforms an arbitrary length of a fixed length string that act more or less as a Fingerprint of the document
• What is the name of the famous Bitcoin exchange from Japan that collapsed in 2014?
• What does the block in the blockchain consist of?
• After 10 Minutes a new block is formed that contains latest transactions
• A bitcoin address collision happens when 2 different payments are made at the same time to the same bitcoin address
• What is not a ledger type considered by users in Blockchain?
• What is the impact of information leak for an organization?
• What time did Bitcoin Network Start?
• How many new Bitcoins are created every day?
• What is the initial application for which Blockchain was designed?
• An orphan block is only created when 51% attack is successful
• Where is the bitcoin central server located?
• What does a ledger in blockchain does?
• First step of Blockchain project implementation is?
• What is the name of the first academic paper that describes bitcoin commonly referred to as?
• Which of the following is important for Blockchain
• How often does Bitcoin ledger reconcile

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• Blockchain MCQ Quiz (Multiple Choice Questions And Answers)

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