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EC-CouncilBlockchain Fintech Certification

Domain 2Objective 5

Choosing the Right Consensus for Blockchain Systems BFC Practice Questions (Page 7)

Part of the Consensus Mechanisms for Financial Systems domain, which makes up ~11% of our current practice bank.

33questions here
7free pages
5concepts

Questions 31–33

  1. 31application · medium

    A financial institution is required by regulators to provide an immutable audit trail of transactions. They are considering a permissioned blockchain with PBFT. Which property of PBFT directly supports this regulatory requirement?

    Select an answer first
  2. 32foundation · easy

    A public blockchain for a decentralized application (dApp) needs to be open to anyone and minimize energy consumption. Which consensus mechanism is the best fit?

    Select an answer first
  3. 33expert · hard

    A global remittance company is designing a blockchain for cross-border payments. They have two options: a public PoS network with high decentralization but variable latency, or a permissioned PBFT network with low latency but limited decentralization. The company must comply with anti-money laundering (AML) regulations that require transaction monitoring and the ability to freeze suspicious accounts. Which approach is more appropriate?

    Select an answer first
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