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BCS613A Module1 Answers

The document provides an overview of blockchain technology, explaining how blocks are accumulated through mining and consensus mechanisms. It discusses the CAP Theorem, generic elements of blockchain, the Byzantine Generals Problem, and various tiers and types of blockchain. Additionally, it outlines the features, applications, benefits, limitations, and consensus mechanisms used in blockchain technology.

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3 views2 pages

BCS613A Module1 Answers

The document provides an overview of blockchain technology, explaining how blocks are accumulated through mining and consensus mechanisms. It discusses the CAP Theorem, generic elements of blockchain, the Byzantine Generals Problem, and various tiers and types of blockchain. Additionally, it outlines the features, applications, benefits, limitations, and consensus mechanisms used in blockchain technology.

Uploaded by

sankeerthana832
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Blockchain Technology (BCS613A) - Module 1 Answers

1. Explain how blockchain accumulates blocks?

Blockchain accumulates blocks through a process called mining. Transactions are verified by nodes

and grouped into a block. A consensus mechanism, like Proof of Work (PoW), validates the block.

Once validated, the block is added to the chain in a chronological order, linking with a cryptographic

hash to the previous block.

2. With a neat diagram, Explain the CAP Theorem. How does it apply to the design and operation of

blockchain networks?

The CAP Theorem states that a distributed system can only provide two out of the following three:

Consistency, Availability, and Partition Tolerance. Blockchain networks prioritize Partition Tolerance

and Availability, while achieving eventual Consistency.

3. Explain the generic elements of a blockchain along with a diagram?

Generic elements of blockchain include: 1) Block (Header and Data), 2) Chain of blocks, 3) Node, 4)

Ledger, 5) Consensus Mechanism. Each block contains a hash, previous block hash, timestamp,

and transaction data.

4. With a neat diagram, discuss the Byzantine Generals Problem. How does the blockchain

technology overcome this problem?

The Byzantine Generals Problem illustrates the difficulty of achieving consensus in distributed

systems with unreliable components. Blockchain overcomes this using consensus algorithms like

PoW or PBFT, ensuring majority agreement before adding a block.

5. What is blockchain technology? Discuss the different tiers in blockchain technology? What are the

different types in blockchain technology?

Blockchain is a decentralized ledger that records transactions securely across multiple nodes. Tiers

include: Data Layer, Network Layer, Consensus Layer, Application Layer. Types include Public,

Private, Consortium, and Hybrid blockchains.


6. Write a note on features and applications of blockchain technology?

Features: Decentralization, Immutability, Transparency, Security, Consensus-based. Applications:

Cryptocurrencies, Supply Chain Management, Healthcare, Voting Systems, Identity Verification.

7. Explain benefits and limitation of blockchain technology?

Benefits: Security, Transparency, Reduced Costs, Immutability. Limitations: Scalability, High Energy

Consumption (PoW), Regulatory Uncertainty, Limited Interoperability.

8. What is Consensus mechanism? What are the different consensus used in Blockchain

technology?

Consensus mechanism is a protocol to agree on a single version of truth across distributed systems.

Types: Proof of Work (PoW), Proof of Stake (PoS), Delegated PoS, Practical Byzantine Fault

Tolerance (PBFT), Proof of Authority (PoA).

9. Write a note on Practical Byzantine Fault Tolerance [PBFT]?

PBFT is a consensus algorithm that tolerates Byzantine faults using a voting mechanism. Nodes

communicate in rounds (pre-prepare, prepare, commit) to agree on a value. It's efficient for small

networks with trusted participants.

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