Use these questions to help you prepare for assessments or exams. Note that these questions are not specifically the ones that will be on either the assessment or exam; the goal of answering these is for you to go back into the readings and gain a deeper understanding.
- What is a hash in blockchain, and how does it maintain security?
- Blockchain technology uses packet-switching. Give a description of the concept of packet-switching.
- Does cryptocurrency, and therefore blockchain, rely on a central authority to operate?
- In blockchain, what is the relationship between a miner and a nonce?
- An attribute of a public blockchain is that it is permissionless. What does it mean for something to be permissionless?
- Cryptocurrency comes with many risks. Name a risk of hacking associated with cryptocurrency.
- Are most cryptocurrencies a volatile or stable investment? Why?
- Some cryptocurrency, like Bitcoin, are considered to be a store-of-value asset. What does this mean?