Blockchain Consensus Mechanisms and Their Applications BBLC Practice Questions (Page 7)

Questions 31–35

1. 31foundation · easy

   Which property of a consensus mechanism ensures that all honest nodes eventually reach the same decision?

   • ATermination
   • BFault tolerance
   • CAgreement
   • DValidity
   Reveal Solution Discussion Select an answer first
2. 32foundation · easy

   What role does mining software play in the mining process?

   • AIt encrypts the blockchain data
   • BIt connects the mining hardware to the blockchain network and manages the mining operation
   • CIt creates new cryptocurrencies
   • DIt stores the cryptocurrency mined
   Reveal Solution Discussion Select an answer first
4. 33foundation · easy

   Why do miners join mining pools?

   • ATo reduce the difficulty of the mining puzzle
   • BTo avoid paying transaction fees
   • CTo combine computational power and share rewards more consistently
   • DTo increase the block reward for each miner
   Reveal Solution Discussion Select an answer first
5. 34foundation · easy

   What is a key factor that drives the value of a utility token?

   • AThe demand for the services or functions the token provides access to
   • BThe number of tokens burned by the team
   • CThe age of the token since its creation
   • DThe amount of media coverage the project receives
   Reveal Solution Discussion Select an answer first
6. 35foundation · easy

   What does fault tolerance in a consensus mechanism refer to?

   • AThe ability to prevent any node from ever making a mistake
   • BThe ability to continue operating correctly despite some nodes failing or acting maliciously
   • CThe ability to recover lost data from the blockchain
   • DThe ability to scale to unlimited nodes
   Reveal Solution Discussion Select an answer first