Blockchain Auditing Final
Blockchain Auditing Final Exam Qs &
Ans 2024.
Types of blockchains - Answer: public - large distributed networks that
are open to anyone,
permissioned - control roles within the network; distributed and use a
self-created coin,& private - smaller and don’t use a token; controlled
membership
lists of transactions from a business perspective can assist with -
Answer: origination
movement
current location
termination
how does the blockchain protect patents - Answer: hashing
proof of existence
smart contracts and characteristics of smart contracts - Answer: allows
assigning value and conditions to exchanges between parties and is self-
executing
, Blockchain Auditing Final
disintermediation
automation
self-executing and immutable
DAO - Answer: (Decentralized Autonomous Organization) a collection of
smart contracts which are self-executing
DAC - Answer: (decentralized autonomous corporation) the company
itself is distributed and maintained by computers
to add a new transaction to an existing blockchain - Answer: create a
new Merkle tree with new transactions
create a new block header that has the hash reference and Merkle tree
root
create a new hash reference and declare it the head
Blockchain audits are based on - Answer: statement of responsibilities
common body of knowledge and standards
Blockchain Auditing Final Exam Qs &
Ans 2024.
Types of blockchains - Answer: public - large distributed networks that
are open to anyone,
permissioned - control roles within the network; distributed and use a
self-created coin,& private - smaller and don’t use a token; controlled
membership
lists of transactions from a business perspective can assist with -
Answer: origination
movement
current location
termination
how does the blockchain protect patents - Answer: hashing
proof of existence
smart contracts and characteristics of smart contracts - Answer: allows
assigning value and conditions to exchanges between parties and is self-
executing
, Blockchain Auditing Final
disintermediation
automation
self-executing and immutable
DAO - Answer: (Decentralized Autonomous Organization) a collection of
smart contracts which are self-executing
DAC - Answer: (decentralized autonomous corporation) the company
itself is distributed and maintained by computers
to add a new transaction to an existing blockchain - Answer: create a
new Merkle tree with new transactions
create a new block header that has the hash reference and Merkle tree
root
create a new hash reference and declare it the head
Blockchain audits are based on - Answer: statement of responsibilities
common body of knowledge and standards
