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NEW QUESTION # 19
These wallets contain randomly generated private keys and are also called just a bunch of key wallets.
Answer: D
Explanation:
Non-Deterministic Wallets, also known as"Just a Bunch of Keys" (JBOK)wallets, contain randomly generated private keys that are not derived from a single seed. In this type of wallet, each key is created independently and must be backed up individually, as there is no way to recover keys through a mnemonic seed phrase.
Key Details:
* Random Key Generation: Non-Deterministic wallets generate private keys independently, without a hierarchical or sequential structure. As a result, each key is standalone, and losing a key means losing access to the corresponding funds permanently.
* Backup Requirements: Since each key is unique and unrelated, Non-Deterministic wallets require separate backups for each key. This differs from Hierarchical Deterministic wallets, which can be restored using a single seed phrase.
* Use Case: These wallets were more common in the early days of cryptocurrency, but they are less favored today due to the convenience and recoverability provided by deterministic wallets.
In conclusion,C. Non-Deterministic Walletsis the correct answer, as it refers to wallets that contain randomly generated private keys and are known as JBOK wallets.
NEW QUESTION # 20
Which of the following are likely use cases for blockchain in the energy industry? (Select two.)
Answer: A,D
Explanation:
Blockchain technology has significant potential in the energy industry, particularly inenergy tradingand smart power grids. By providing a transparent, decentralized, and secure platform for transactions, blockchain can facilitate peer-to-peer energy trading and improve the efficiency and reliability of smart grids.
Key Details:
* Energy Trading: Blockchain enables peer-to-peer energy trading where individuals and companies can buy and sell excess energy (such as solar or wind power) directly to each other. This decentralized model reduces the need for intermediaries and allows consumers to benefit from direct energy sales and purchases.
* Smart Power Grids: Blockchain can enhance smart grid systems by enabling real-time data sharing and automated decision-making. With blockchain, smart grids can securely record and share data related to energy production, consumption, and storage, thereby improving grid management, reducing waste, and optimizing energy distribution.
* Enhanced Transparency and Security: By recording all transactions in an immutable ledger, blockchain ensures transparency and security, reducing the risks of fraud and discrepancies in the energy market. This is especially beneficial in energy trading where trust and accurate record-keeping are essential.
Thus,Energy trading (B)andSmart power grids (D)are the most likely use cases for blockchain in the energy industry.
NEW QUESTION # 21
What is the term for the smallest subunit in Ether.
Answer: C
Explanation:
The smallest subunit of Ether is called aWei. Ether (ETH) is divided into several subunits for precision in transactions, with Wei being the smallest, equivalent to 10#1810
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