
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
- 31
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 - 32
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 - 33
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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