Exam (elaborations)
ISQS 2340 Exam 2 Review TTU- Mitchell Questions and Answers 100% Solved
- Course
- Institution
ISQS 2340 Exam 2 Review TTU- Mitchell Questions and Answers 100% Solved
[Show more]
Content preview
ISQS 2340 Exam 2 Review TTU- Mitchell Questions andAnswers 100% Solved
what is blockchain technology? Correct Ans-A blockchain is a distributed ledger of
transactions
Blockchains lineage (where it came from/ first used)? Correct Ans-A block consists of
multiple timestamped transactions • Multiple blocks are joined together in a chain • Nodes
are connected devices that have a copy of the entire blockchain • The nodes are periodically
synchronized to ensure consensus
What are the main parts of blockchain technology? Correct Ans-1. Users initiate
transactions using their Digital Signatures. 2. Users Broadcast transactions to Nodes. 3. One or
more Nodes begin validating each transaction. 4.Nodes aggregate validated transactions into
Blocks. 5. Nodes broadcast blocks to each other. 6. Consensus protocol used. 7. Block
reflecting "true state" is chained to prior Block.
, ISQS 2340 Exam 2 Review TTU- Mitchell Questions and
Answers 100% Solved
Implications of blockchain buyers, sellers, and the middleman? Correct Ans-The blockchain
has the potential to reinvent any transaction that now requires going through a middleman,
including finance, banking, contacts, and retail.
Blockchain applications Correct Ans-• Cryptocurrencies, such as Bitcoin, Ethereum,
Litecoin, etc. • Digital identity • Any application where a secure, immutable record must be
shared between multiple parties • ensuring product authenticity • recording real estate
transactions • secure medical records
Various uses of blockchain technology discussed in the prep materials? Correct Ans-
finance (bitcoin), banking, contracts (law), retail, voting, music and other arts, trusted concert
tickets, protect sensitive info,
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamRoom. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now