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Blockchain Exam CBSA 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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Rachael
2 months 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
20 days 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 months 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
2 months 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
2 months 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
5 days ago
User 4: Option C says they can create their own cryptocurrency and launch their own blockchain network.
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Amie
5 days ago
User 3: I'm not sure, wouldn't they need to clone the Ethereum Virtual Machine?
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Elin
28 days 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
30 days ago
User 1: I think they need to use ERC20 standard for the token.
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Chandra
2 months ago
I disagree, I believe the answer is C, as companies can create their own cryptocurrency and blockchain network.
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Wayne
2 months 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 months ago
I agree, it's important to consider the most efficient option when launching a new cryptocurrency.
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Brittni
1 months ago
Yeah, using an open source blockchain tool/system would definitely save time and effort.
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Cherry
2 months ago
Option B seems like the easiest way to get up and running quickly without all the hassle.
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Lyla
2 months ago
I think the answer is A, because ERC20 is a widely used standard for tokens.
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Annamae
2 months 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
2 months ago
Exactly! Plus, they can avoid any limitations or restrictions that may come with using existing standards or tools.
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Norah
2 months ago
That's true! It gives them the flexibility to customize their cryptocurrency and blockchain network.
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Lashonda
2 months 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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