CryptoConsortium Bitcoin Professional (CBP) Certification Sample Questions

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CryptoConsortium CBP Sample Questions:

01. Each bitcoin block can contain a maximum data size of:
a) 80 Bytes
b) 100 MB
c) 10 MB
d) 1MB
02. UTXO is an acronym for the terms:
a) Unspent Transaction Outputs
b) Unified Transactions Outputs
c) Unified Terminal Exchange Operations
d) Unspent Transaction Ordering
03. Why do Bitcoin addresses use an alphabet of only 58 characters instead of the full 62?
a) To avoid people mistaking the numeral 1 for the lowercase I, and the capital O from the numeral 0.
b) To ensure that the bytes perfectly align.
c) To save space.
d) To provide increase privacy against google searches.
04. For which of the following functions of money is gold used most often:
a) Medium of Exchange
b) Tax collection
c) Store of Value
d) Unit of Account
05. Which of the following statements is true about asymmetric encryption algorithm key pairs?
a) The private key contains the public key and additional private data
b) The private key is a mathematical reciprocal of the public key
c) When added together, the private key + the public key will always equal 0
d) When multiplied together, the private key and the public key will always equal 0
06. In a hard fork, the following CANNOT be changed:
a) Anyone is allowed to join the Bitcoin network
b) Proof of work algorithm
c) 21,000,000 bitcoins limit
d) Anything can be changed in a hard fork
07. The blockchain was intended to grow about one block every:
a) 10 Minutes
b) 1 Minute
c) 2 week
d) 1Hour
08. Which statement is NOT true regarding merchants who accept Bitcoin for goods and services?
a) Merchants can use Bitcoin payment processors to receive any fraction of their local currency and/or bitcoin.
b) Merchants must update price tags on their products and services daily to account for fluctuations in the price of bitcoin.
c) Merchants can accept bitcoin without using any 3rd parties if they choose to manage their bitcoin themselves.
d) Merchants can save a lot of processing fees that would otherwise be given to 3rd party payment processors.
09. On average, how many Bitcoins were created every 10 minutes in 2010?
a) 10
b) 12.5
c) 25
d) 50
10. This organisation has authority over the price of a bitcoin
a) Bitcoin Core Developers
b) No organisation has authority over the price of bitcoin
c) The Bitcoin Foundation
d) Bitcoin Exchanges


Question: 01
Answer: d
Question: 02
Answer: a
Question: 03
Answer: a
Question: 04
Answer: c
Question: 05
Answer: b
Question: 06
Answer: d
Question: 07
Answer: a
Question: 08
Answer: b
Question: 09
Answer: d
Question: 10
Answer: b

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