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Blockchain CBSA Exam - Topic 7 Question 86 Discussion

If a company desires to create a unique cryptocurrency and launch a new blockchain network to host it.
C) They can both create their own cryptocurrency and launch their own blockchain network with any common open source blockchain tool/system
A) They must use ERC20 standard for the token, clone the Ethereum Virtual Machine, then launch a series of nodes
B) They must use ERC20 standard for the token and can use any open source blockchain tool/system to launch a series of nodes
D) None of the above

Blockchain CBSA Exam - Topic 7 Question 86 Discussion

Actual exam question for Blockchain's CBSA exam
Question #: 86
Topic #: 7
[All CBSA Questions]

If a company desires to create a unique cryptocurrency and launch a new blockchain network to host it.

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Suggested Answer: C

by Doyle at Mar 23, 2025, 06:59 PM

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France
6 months ago
I disagree with D, there are valid options here!
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Lindsay
6 months ago
ERC20 is just for tokens, not a requirement for a whole blockchain.
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Justa
6 months ago
Wait, can they really just use any open source tool? Sounds too easy.
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Milly
6 months ago
I think they can definitely create their own blockchain with open source tools!
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Chi
6 months ago
Agree, option C seems the most flexible.
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Corinne
7 months ago
I'm leaning towards D, but I’m not entirely confident. It seems like there might be more flexibility than just sticking to ERC20.
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Leah
7 months ago
I feel like I saw a practice question similar to this, and it mentioned that you can create a unique blockchain without being tied to ERC20.
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Luther
7 months ago
I think option C sounds right because you can use various open-source tools to create a blockchain, but I can't recall the specifics.
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Willard
7 months ago
I remember studying that the ERC20 standard is specific to Ethereum, but I'm not sure if it's mandatory for all new cryptocurrencies.
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Shawnda
7 months ago
I'm not entirely sure about this one. I'll need to review the blockchain concepts we've covered in class to decide between the options.
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Stephaine
8 months ago
I'm pretty confident that the correct answer is C. The question is asking about the requirements to launch a new blockchain network, and Option C covers that the best.
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Lavonda
8 months ago
Okay, I think I've got it. Option C seems to be the best answer, as it gives the company the most flexibility to create their own cryptocurrency and blockchain network.
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Macy
8 months ago
Hmm, I'm a bit confused by the wording here. I'll need to re-read the question and options to make sure I understand what's being asked.
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Jean
8 months ago
This looks like a tricky question. I'll need to think through the different options carefully.
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Rachael
1 year ago
Ha! None of the above? That's a trick question if I ever saw one. Of course they can build their own blockchain and crypto!
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Amber
1 year ago
C) They can both create their own cryptocurrency and launch their own blockchain network with any common open source blockchain tool/system
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Beatriz
1 year ago
A) They must use ERC20 standard for the token, clone the Ethereum Virtual Machine, then launch a series of nodes
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Colene
1 year ago
I'm not sure, but I think B could also be a valid option, using any open source blockchain tool/system.
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Alline
1 year ago
Hmm, I'm not sure. Wouldn't they need to use something like Ethereum as a base to get the ERC20 token working? Option B seems a bit too simple.
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Cathern
1 year ago
User 4: Option C says they can create their own cryptocurrency and launch their own blockchain network.
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Amie
1 year ago
User 3: I'm not sure, wouldn't they need to clone the Ethereum Virtual Machine?
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Elin
1 year ago
User 2: Yeah, that's true. But they could also use any open source blockchain tool/system to launch a series of nodes.
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Laila
1 year ago
User 1: I think they need to use ERC20 standard for the token.
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Chandra
1 year ago
I disagree, I believe the answer is C, as companies can create their own cryptocurrency and blockchain network.
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Wayne
1 year ago
I don't know, Option B seems like the easiest way to get up and running quickly without all the hassle.
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Bette
1 year ago
I agree, it's important to consider the most efficient option when launching a new cryptocurrency.
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Brittni
1 year ago
Yeah, using an open source blockchain tool/system would definitely save time and effort.
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Cherry
1 year ago
Option B seems like the easiest way to get up and running quickly without all the hassle.
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Lyla
1 year ago
I think the answer is A, because ERC20 is a widely used standard for tokens.
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Annamae
1 year ago
Option C is the way to go! They can build their own thing from scratch and have full control over it.
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Anisha
1 year ago
Exactly! Plus, they can avoid any limitations or restrictions that may come with using existing standards or tools.
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Norah
1 year ago
That's true! It gives them the flexibility to customize their cryptocurrency and blockchain network.
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Lashonda
1 year ago
Option C is the way to go! They can build their own thing from scratch and have full control over it.
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