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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Yoko

13 days ago

Ha! Forget the ledger, it's all about that mining power. Option C is the way to go, baby!

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Lenna

15 days ago

A seems the most accurate. Cryptocurrency is all about that secure, immutable ledger technology. Solid choice.

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Corinne

4 days ago

User 1: A) An immutable digital ledger that is validated and distributed across many peers sounds right.

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Brigette

24 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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Georgeanna

5 days ago

Definitely, having an immutable digital ledger validated by many peers is crucial for trust and security.

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Erasmo

12 days ago

I agree, the distributed validation process is key for cryptocurrency to operate successfully.

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Geoffrey

1 months ago

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

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Tawanna

18 hours ago

User 4: The public nature of blockchain transactions definitely helps in generating user trust and adoption.

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Maira

4 days ago

User 3: It's amazing how blockchain technology allows for transparency and trust in cryptocurrency transactions.

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Terina

13 days ago

User 2: I agree, having an immutable digital ledger that is validated and distributed across many peers is crucial for cryptocurrency to operate successfully.

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Izetta

26 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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Valda

2 months ago

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

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Chauncey

2 months ago

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

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An

2 months ago

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

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