Block Chain Technology — Winter 2024

What is blockchain technology, and what are its fundamental concepts?

What are distributed ledger technologies (DLT), and how do they relate to blockchain?

What is the architecture of a blockchain system?

What is cryptography, and why is it important in blockchain technology?

What are hash functions, and how are they used in blockchain technology?

Difference between symmetric and asymmetric cryptography ?

Explain the Ethereum Virtual Machine and its role in Ethereum.

What is the role of smart contracts in proving the origin of products (proofs of origin)?

Describe the process of bitcoin transactions..

Explain the concept of Merkle trees in the context of bitcoin.

How does blockchain integrate with artificial intelligence technologies?

How is blockchain utilized in the insurance industry?

Discuss the concept of smart assets and their implementation using blockchain technology.

What is a Message Authentication Code (MAC), and how does it differ from hash functions?

Discuss the differences between synchronous and asynchronous Byzantine agreement methods.

Explain the Proof of Stake (PoS) consensus algorithm and how it differs from PoW.

Discuss the challenges and vulnerabilities associated with hash functions in cyber security.