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Blockchain CBSA Exam - Topic 1 Question 74 Discussion

The reason that cryptocurrencies such as Bitcoin, Ethereum and Litecoin can be exchanged one with another is due to the fact that they all operate on the same blockchain network
A) FALSE
B) TRUE

Blockchain CBSA Exam - Topic 1 Question 74 Discussion

Actual exam question for Blockchain's CBSA exam
Question #: 74
Topic #: 1
[All CBSA Questions]

The reason that cryptocurrencies such as Bitcoin, Ethereum and Litecoin can be exchanged one with another is due to the fact that they all operate on the same blockchain network

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Suggested Answer: D

by Casandra at Sep 13, 2024, 01:28 AM

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Yuki
6 months ago
I thought they were all on the same blockchain too!
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Laurene
7 months ago
Yup, Bitcoin and Ethereum are totally separate!
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Gabriele
7 months ago
Wait, are we sure about that? Sounds off.
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Dell
7 months ago
Totally agree, each has its own network!
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Gaston
7 months ago
That's actually false, they use different blockchains.
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Willow
7 months ago
This sounds tricky! I recall a practice question about how blockchains work, and I think it was clear that each coin operates independently.
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Geraldo
8 months ago
I’m not entirely sure, but I feel like I read somewhere that they all use similar technology, but that doesn’t mean they’re on the same blockchain.
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Tatum
8 months ago
I remember studying that they can interact through exchanges, but they don’t share the same blockchain. So, I’d say false.
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Yuriko
8 months ago
I think this is false because each cryptocurrency has its own blockchain, right?
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Celeste
8 months ago
This seems straightforward to me. If they all use the same blockchain network, that's why they can be exchanged. I'm going to go with true on this one.
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Gretchen
8 months ago
Wait, I'm a little confused. I thought the blockchain was just the technology behind cryptocurrencies, not the reason they can be exchanged. I'll have to review this concept again before answering.
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Owen
8 months ago
Hmm, I'm not sure about this one. I know cryptocurrencies use blockchain, but I'm not sure if that's the reason they can be exchanged. I'll have to think this through more carefully.
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Desirae
8 months ago
I'm pretty confident this one is true. Cryptocurrencies like Bitcoin, Ethereum, and Litecoin all use the same blockchain technology, which is why they can be exchanged with each other.
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Loreta
8 months ago
Okay, I think I got this. The key is that they all operate on the same underlying blockchain network, which is what allows the exchange of these different cryptocurrencies. I'm feeling good about this one.
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Roy
8 months ago
This seems like a straightforward question about the importance of staying informed on organizational challenges. I'll focus on demonstrating my understanding of different perspectives.
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Elbert
1 year ago
Ah, the age-old question of crypto interoperability. This one's a definite 'false' in my book.
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Lasandra
1 year ago
Haha, good one! Next thing you'll tell me is that unicorns and leprechauns all share the same magical forest.
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Rosann
11 months ago
Haha, good one! Next thing you'll tell me is that unicorns and leprechauns all share the same magical forest.
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Dominic
11 months ago
B) TRUE
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France
12 months ago
A) FALSE
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Gregoria
1 year ago
This is a trick question! Cryptocurrencies may use similar technology, but they're definitely not all on the same blockchain.
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Dallas
12 months ago
No, that's not true. Each cryptocurrency has its own blockchain network.
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Joaquin
12 months ago
Really? I thought they all operated on the same blockchain.
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Brittani
12 months ago
B) TRUE
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Venita
12 months ago
A) FALSE
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Alline
1 year ago
Hmm, I thought they were all on the same blockchain. Guess I need to brush up on my crypto knowledge.
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Hobert
1 year ago
Yeah, each cryptocurrency has its own unique blockchain. It's important to understand the differences.
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Skye
1 year ago
I thought the same thing! It's interesting how they each have their own blockchain.
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Augustine
1 year ago
B) TRUE
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Lorriane
1 year ago
A) FALSE
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Brigette
1 year ago
I'm pretty sure that's false. Cryptocurrencies have their own unique blockchain networks, even if they share some similarities.
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Remedios
12 months ago
A) FALSE
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Wenona
1 year ago
Cryptocurrencies have their own unique blockchain networks, even if they share some similarities.
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Shawna
1 year ago
B) TRUE
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Lachelle
1 year ago
A) FALSE
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Brianne
1 year ago
B) TRUE - Because they all use blockchain technology for transactions.
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Yuki
1 year ago
A) FALSE
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Felicia
1 year ago
B) TRUE
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