Choosing a Blockchain Platform: A Comprehensive Guide for Smart Contract Developers

Question 1

Which of the following is **not** a key factor to consider when choosing a blockchain platform for smart contract development?

Accepted Answer

Maintenance Costs

Answer

Security

Answer

Transaction fees

Answer

Scalability

Question 2

Which type of blockchain platform is characterized by its permissioned network and focus on data privacy?

Accepted Answer

Private blockchain

Answer

Hybrid blockchain

Answer

Public blockchain

Answer

Consortium blockchain

Question 3

Which of the following is an advantage of using an open-source blockchain platform?

Accepted Answer

Transparency and community support

Answer

High transaction throughput

Answer

Regulatory compliance

Answer

Low development costs

Question 4

Which of the following is a key metric for evaluating the scalability of a blockchain platform?

Accepted Answer

Transactions per second (TPS)

Answer

Network latency

Answer

Storage capacity

Answer

Block size

Question 5

Which of the following is a benefit of using a blockchain platform with a strong ecosystem?

Accepted Answer

Access to tools, resources, and community support

Answer

Lower development costs

Answer

Enhanced security

Answer

Faster transaction processing

Question 6

Which of the following is a limitation of permissionless blockchain platforms?

Accepted Answer

Potential for network congestion and high transaction fees

Answer

Slow transaction processing

Answer

Limited privacy

Question 7

Which of the following is a key element of a blockchain platform's consensus mechanism?

Accepted Answer

Defining how new blocks are added to the blockchain

Answer

Setting transaction fees

Answer

Managing user identities

Question 8

Which of the following is a best practice when selecting a blockchain platform for a specific project?

Accepted Answer

Evaluate the platform's features and performance against the project requirements

Answer

Select the platform with the most popular programming language

Answer

Choose the platform with the lowest transaction fees

Question 9

Which of the following is NOT a primary evaluation criterion for selecting a blockchain platform for smart contract development?

Accepted Answer

Cost of cryptocurrency

Answer

Security

Answer

Transaction fees

Answer

Scalability

Question 10

Which type of blockchain platform is open-source and characterized by decentralized governance?

Accepted Answer

Public blockchain

Answer

Permissioned blockchain

Answer

Consortium blockchain

Answer

Private blockchain

Question 11

Which of the following is a primary advantage of using a private blockchain platform?

Accepted Answer

Increased privacy and control

Answer

Lower security

Answer

Reduced scalability

Answer

Higher transaction fees

Question 12

When evaluating the scalability of a blockchain platform, which of the following is a key metric to consider?

Accepted Answer

Transaction throughput

Answer

Security protocols

Answer

User interface design

Answer

Cost of development

Question 13

Which of the following is an advantage of using a blockchain platform with a strong and active developer community?

Accepted Answer

Access to technical support and resources

Answer

Increased anonymity

Answer

Enhanced regulatory compliance

Answer

Lower transaction fees

Question 14

Which of the following is a potential disadvantage of using a public blockchain platform?

Accepted Answer

Higher transaction fees

Answer

Greater control over data

Answer

Improved scalability

Answer

Increased security

Question 15

When selecting a blockchain platform for a cross-border payment system, which of the following factors is of particular importance?

Accepted Answer

Compliance with international regulations

Answer

User interface design

Answer

Availability of native smart contract language

Answer

Transaction speed

Question 16

Which of the following is an emerging trend in the evolution of blockchain platforms?

Accepted Answer

Increased interoperability and cross-chain communication

Answer

Decreased security

Answer

Reduced transaction fees

Question 17

What is a key advantage of using a permissioned blockchain platform?

Accepted Answer

Enhanced privacy and centralized control

Answer

Decentralized governance

Answer

Transparency of all transactions

Answer

Increased transaction volume

Question 18

What is a defining characteristic of the proof-of-stake consensus mechanism?

Accepted Answer

Energy efficiency

Answer

High transaction throughput

Answer

Resistance to 51% attacks

Answer

Enhanced privacy

Question 19

Blockchain technology holds promise for revolutionizing supply chain management by enabling:

Accepted Answer

Tracking the movement of goods

Answer

Processing financial transactions

Answer

Managing customer relationships

Answer

Developing innovative products

Question 20

When selecting a blockchain platform for smart contract development, it is essential to consider:

Accepted Answer

The unique requirements of the specific project

Answer

Current market trends

Answer

Platform popularity

Answer

Advice from online forums

Question 21

Which factor is typically irrelevant when selecting a blockchain platform for smart contract development?

Accepted Answer

The aesthetics of the platform's logo

Answer

Security measures

Answer

Scalability

Answer

Transaction fees