EC-CouncilBlockchain Developer Certification
Domain 4Objective 4
Types of Tokens and Digital Assets BDC Practice Questions (Page 7)
Part of the Cryptomining, Tokenization, and Digital Assets domain, which makes up ~10% of our current practice bank.
36questions here
8free pages
6concepts
Questions 31–35
- 31
A startup is creating a token that will be used to reward users for contributing computing power to a network. The token can be used to pay for network services and can also be traded on exchanges. The team wants to avoid the token being classified as a security. Which feature is most likely to cause the token to be classified as a security?
Select an answer first - 32
What is the primary role of token standards like ERC-20 and ERC-721 in the Ethereum ecosystem?
Select an answer first - 33
A developer is building a platform that will issue tickets for events. Each ticket has a unique seat number and must be non-transferable after purchase. Which token standard and approach best fits this requirement?
Select an answer first - 34
A developer must choose a token standard for a digital identity system where each user has a unique identity that cannot be transferred. The system also needs to issue verifiable credentials that are unique to each user. Which standard and approach is most suitable?
Select an answer first - 35
Which token standard is specifically designed for creating non-fungible tokens (NFTs) on the Ethereum blockchain?
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