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What is the role of miners in the Namecoin network? a . Developing and maintaining the Namecoin codebase b . Verifying transactions and adding them
What is the role of miners in the Namecoin network?
a
Developing and maintaining the Namecoin codebase
b
Verifying transactions and adding them to the blockchain
c
Using Namecoin for various purposes
d
Holding Namecoins as a store of value or investment
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What is the role of investors in the Namecoin network?
a
Developing and maintaining the Namecoin codebase
b
Verifying transactions and adding them to the blockchain
c
Using Namecoin for various purposes
d
Holding Namecoins as a store of value or investment
What was the original purpose of Bitcoin?
a
To create a decentralized digital currency
b
To facilitate online gambling
c
To create a secure messaging system
d
To create a new form of social media
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Who is credited with the creation of Bitcoin?
a
Vitalik Buterin
b
Charlie Lee
c
Gavin Andresen
d
Satoshi Nakamoto
What is the primary purpose of KYCAML regulations for cryptocurrency exchanges?
a
To limit the amount of cryptocurrency users can purchase
b
To prevent illegal activities such as money laundering and terrorism financing
c
To increase the cost of using cryptocurrency exchanges
d
None of the above
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Which of the following is a common legal issue faced by cryptocurrency exchanges?
a
Intellectual property disputes
b
Discrimination lawsuits
c
Security breaches
d
None of the abov
Which of the following statements is true regarding the use of blockchain in black markets?
a
Blockchain technology can help to prevent black market activity by making all transactions transparent
b
Blockchain technology cannot be used to track illicit transactions on black markets
c
Blockchain technology can help to facilitate anonymous transactions on black markets
d
Blockchain technology is only useful for legal transactions and cannot be applied to black markets
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Which of the following best describes the role of government in regulating blockchain technology in relation to the global economy?
a
Governments should completely ban the use of blockchain technology
b
Governments should not interfere with the use of blockchain technology in any way
c
Governments should provide clear regulations and guidelines to ensure safe and ethical use of blockchain technology
d
Governments should only regulate blockchain technology for certain industries or use cases
What is the main benefit of using blockchain technology in the Internet of Things IoT
a
Reduced latency
b
Increased data privacy and security
c
Increased scalability
d
Reduced hardware costs
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Which of the following is a consensus algorithm commonly used in blockchainbased IoT systems?
a
Proof of Work PoW
b
Proof of Stake PoS
c
Delegated Proof of Stake DPoS
d
Byzantine Fault Tolerance BFT
What is the primary benefit of using blockchain in healthcare?
a
Increased data privacy and security
b
Faster access to medical records
c
Reduced costs of healthcare services
d
Improved diagnosis and treatment of diseases
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Which of the following is a key feature of blockchain that makes it useful in healthcare?
a
Centralized control of data
b
High transaction speed
c
Public accessibility of data
d
Distributed ledger technology
What are some benefits of using blockchain technology in DNS
a
Improved security and privacy, increased resistance to DDoS attacks, and decreased risk of DNS spoofing
b
Increased speed of domain name resolution, reduced latency, and improved network performance
c
Lower costs for domain name registration, improved domain name management, and increased transparency
d
None of the above
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How can blockchain technology be used in DNS
a
To create a decentralized and tamperproof DNS system
b
To increase the speed of domain name resolution
c
To encrypt domain name queries and responses
d
To create a centralized and more efficient DNS system
What is a major concern with using blockchain for personal identity security?
a
High energy consumption
b
Limited scalability
c
Lack of regulatory oversight
d
Vulnerability to hacking
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