Blockchain Exam CBSA Topic 1 Question 50 Discussion

Actual exam question for Blockchain's CBSA exam

Question #: 50
Topic #: 1

[All CBSA Questions]

Which of these technical components best represents why cryptocurrency is able to operate successfully?

AAn immutable digital ledger that is validated and distributed across many peers

BUsing API calls, cryptocurrency having a direct correlation to USD exchange rates

CHigh performance computing power allows cryptocurrency to be minted just as a central government might do with fiat currency

DBlockchain cryptocurrency transactions are always public which generates user trust and adoption

Show Suggested Answer

Suggested Answer: A

by Marguerita at Aug 04, 2023, 08:32 PM

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4 days ago

I was torn between A and C, but I think A is the best answer. The distributed validation process is critical.

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23 days ago

Option A definitely captures the essence of how cryptocurrencies work. The decentralized ledger is the key to its success.

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6 days ago

User 1: Option A definitely captures the essence of how cryptocurrencies work. The decentralized ledger is the key to its success.

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25 days ago

I believe D) Blockchain cryptocurrency transactions are always public is also important for building trust among users.

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26 days ago

I agree with An. The transparency and security provided by blockchain technology is crucial for cryptocurrency's success.

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28 days ago

I think A) An immutable digital ledger that is validated and distributed across many peers is the key component.

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