Cryptoasset Anti-Financial Crime Specialist (CCAS) Certification Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Become a Cryptoasset Anti-Financial Crime Specialist. Explore questions and learn with hints and explanations to excel in your CCAS Certification. Prepare effectively for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which of the following statements is true of the types of blockchains?

Private blockchains have lower transaction-per-second rates.
Bitcoin is an example of a private blockchain.
Public blockchains are permissionless and non-restrictive.
Hybrid blockchain is another name for a private blockchain.

The correct answer is: Public blockchains are permissionless and non-restrictive.

Public blockchains are characterized by being permissionless and non-restrictive, which means that anyone can join the network and participate in the process of validating transactions or maintaining the ledger. This open-access nature is fundamental to the operation of public blockchains, as it fosters decentralization and increases trust among participants, who are able to validate and verify transactions without needing to rely on a central authority. Examples of public blockchains include Bitcoin and Ethereum. In contrast, private blockchains are often restricted to a certain group of participants and require permission to join, which contradicts the defining features of public blockchains. The other options fail to accurately capture the essential characteristics that distinguish private, public, and hybrid blockchains. A clear understanding of these distinctions is important for recognizing the different use cases and implications for security and trust in blockchain technology.