Blockchain Technology (IT-803 (A)) - Important Questions

Explain what a Merkle tree is and why it is important for blockchain. Discuss its usage with an example.

Differentiate between public blockchain and private blockchain with an example.

Draw and explain the structure of a block in a blockchain.

Explain the Proof of Elapsed Time (PoET) consensus algorithm with its working.

Explain Bitcoin Script, the smart contract language of Bitcoin.

Describe the working of consensus in a Bitcoin network in detail.

Explain block mining including the different types of mining.

Define consensus and explain the various types of consensus protocols for permissioned / closed blockchain networks.

Illustrate the RAFT consensus algorithm with its working.

Explain the Lamport-Shostak-Pease BFT algorithm.

Explain the traditional mortgage process and how mortgage works over blockchain.

Compare the improvements brought by blockchain in supply chain finance.

Interpret the blockchain-based identity management system.

Define Hyperledger and explain the Hyperledger Fabric architecture in detail.

Explain in detail about Ripple and Corda.

Interpret the process of writing a smart contract using Hyperledger Fabric.