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.

AThey must use ERC20 standard for the token, clone the Ethereum Virtual Machine, then launch a series of nodes

BThey must use ERC20 standard for the token and can use any open source blockchain tool/system to launch a series of nodes

CThey can both create their own cryptocurrency and launch their own blockchain network with any common open source blockchain tool/system

DNone of the above

Show Suggested Answer

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

1 months 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

2 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

20 days ago

User 4: Option C says they can create their own cryptocurrency and launch their own blockchain network.

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Amie

21 days ago

User 3: I'm not sure, wouldn't they need to clone the Ethereum Virtual Machine?

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Elin

1 months 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

2 months 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

3 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

2 months ago

I agree, it's important to consider the most efficient option when launching a new cryptocurrency.

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Brittni

2 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

3 months ago

I think the answer is A, because ERC20 is a widely used standard for tokens.

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Annamae

3 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

3 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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