What type of ledger refers to a distributed ledger that doesn't require a native currency to operate?
Answer(s): A
A tokenless ledger refers to a distributed ledger that doesn't require a native currency to operate. Generally, in a private blockchain tokens are not needed due to resources controlled by one party.
What is the application that is used by Hyperledger Fabric to communicate with the network?
Hyperledger Fabric includes the REST and JSON RPC APIs, events, and an SDK for applications to communicate with the network.
Which of the following statements would be the best answer when it comes to channels and the use of ordering services in Hyperledger Fabric?
Channels ensure privacy in a blockchain network Ordering services may support many channels no just one channel.
Which of the following would NOT be true about what a smart contract(Chaincode) gives your organization?
Answer(s): D
While smart contracts (Chaincode) can be written to complement or substitute for legal contracts, their legal enforceability is not yet agreed upon by all state governments
What type of peer executes chaincode?
Answer(s): B
Endorsing Peer Endorser peer Peers can be marked as Endorser peer (i.e. Endorsing peer). Upon receiving the "transaction invocation request" from the Client application the Endorser peer Validates the transaction. Check certificate details and roles of the requester. Executes the Chaincode (Smart Contract) and simulates the outcome of the transaction. But it does not update the ledger. At the end of the above two tasks the Endorser may approve to disapprove the transaction. As only the Endorser node executes the Chaincode (Smart Contract) so there is no necessity to install Chaincode in each and every node of the network which increases the scalability of the network.
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