BCTA (MID-1)
IMPORTANT QUESTIONS
Short questions
1. What is blockchain?
2. Mention one advantage of using blockchain over traditional centralized systems.
3. How is blockchain used in the creation and ownership of digital art?
4. What is Bitcoin?
5. Give one way blockchain is changing the landscape of digitalization.
6. What is meant by a “prediction market” in the context of Bitcoin?
7. Define a public key cryptosystem in one sentence.
8. Name any two main components of a Bitcoin block.
9. What is Bitcoin?
10. Give one key difference between a public blockchain and a private blockchain.
11. Mention one way blockchain helps in digital identity verification.
12. Differentiate between currency and cryptocurrency
13. State one use case of a private blockchain.
14. What is a hash puzzle in blockchain consensus mechanisms?
15. What does P2SH stand for in Bitcoin transactions?
16. Define micropayment in the context of Bitcoin.
17. What is blockchain neutrality?
18. What is hashing and why is it important in blockchain?
19. Define a cryptographic hash function.
20. What is meant by distributed trust in a blockchain network?
Long questions
1. Explain the basic concept of Blockchain technology.
2. What are prediction markets in the context of blockchain and Bitcoin? Give one real-
world application.
3. Describe a real-world scenario where a private blockchain is more suitable than a
public blockchain and explain why
4. What are the key advantages and challenges of using blockchain in financial services?
5. Explain the concept of Bitcoin and its role as the first cryptocurrency.
6. What is hashing in blockchain?
7. Explain the working principle of public key cryptosystems.
8. Explain how blockchain technology is applied in the creation, verification, and
ownership of digital art (NFTs).
9. Explain what a Bitcoin script is. How is it different from a general-purpose
programming language?
10. Explain how Bitcoin scripts can be used to implement an escrow service.
11. What are cryptographic hash functions in blockchain systems?
12. Differentiate between symmetric-key and asymmetric-key cryptography. How are
these concepts used in blockchain?
13. Discuss how blockchain technology is transforming the landscape of digitalization
across different sectors.
14. Describe how blockchain is used for digital Identity verification.
15. What is the Bitcoin blockchain? How does it ensure transparency and immutability of
transactions?
16. What is meant by blockchain neutrality?
17. Describe the structure of a Bitcoin block.
18. What is a Pay-to-Script-Hash (P2SH) transaction in Bitcoin? Why is it important?
