Computers on a blockchain network that solve cryptographic problems to validate transactions are called:

Correct answer: Miners.

Explanation

Miners perform the computational work (Proof of Work) in many blockchains to secure the network.

Other questions

Question 1

Which of the following best defines 'Fintech'?

Question 2

Data generated by business processes such as bank records and retail scanner data is best described as which type of alternative data?

Question 3

Which of the following characteristics of Big Data refers to the speed at which data is communicated?

Question 4

If a dataset has a size of 5,000 terabytes, this is equivalent to:

Question 5

Real-time stock market price feeds are characterized as having:

Question 6

Which of the following is considered an unstructured form of data?

Question 7

In the context of data science processing methods, 'Curation' refers to:

Question 8

Which visualization technique is most appropriate for illustrating the frequency that specific words appear in a text sample?

Question 9

Computer systems that are programmed to simulate human cognition are best described as:

Question 10

In Machine Learning, what is the primary function of the training dataset?

Question 11

Which type of machine learning involves input and output data that are labelled?

Question 12

A machine learning model that treats noise as true parameters and identifies spurious patterns is said to exhibit:

Question 13

The analysis of unstructured data in text or voice forms, such as evaluating regulatory filings, is best described as:

Question 14

Which fintech application uses computers to interpret human language, specifically for tasks like speech recognition and language translation?

Question 15

Which trading strategy specifically identifies and takes advantage of intraday securities mispricings using computers?

Question 16

Robo-advisory services typically offer portfolios with which of the following characteristics?

Question 17

What is the primary advantage of robo-advisors for customers?

Question 18

A potential disadvantage of robo-advisors during crisis periods is:

Question 19

In a distributed ledger, what mechanism is required to validate new entries?

Question 20

Which element links blocks sequentially in a blockchain?

Question 22

Which type of distributed ledger network allows all participants to view all transactions and has no central authority?

Question 23

In a permissioned network, which of the following is most likely true?

Question 24

Which of the following describes an Initial Coin Offering (ICO)?

Question 25

What is a potential benefit of using distributed ledger technology for post-trade clearing and settlement?

Question 26

Electronic contracts programmed to self-execute based on agreed terms are known as:

Question 27

Tokenization refers to:

Question 28

Underfitting in a machine learning model means the model:

Question 29

Which of the following is a challenge associated with machine learning results being a 'black box'?

Question 30

Deep learning is a technique that typically uses:

Question 31

The 'Internet of Things' refers to:

Question 32

A firm has accumulated 2,000 terabytes of data. This amount is equivalent to:

Question 33

Data that are communicated periodically or with a lag are said to have:

Question 34

In the context of machine learning, 'unsupervised learning' means:

Question 35

Using ML to evaluate large volumes of research reports to detect subtle changes in sentiment is an example of:

Question 36

Which fintech application is most likely to be used for executing large orders by dividing them across exchanges?

Question 37

Cryptocurrencies typically reside on which type of network?

Question 38

A potential benefit of giving regulators permission to view a distributed ledger is:

Question 39

Mining on a blockchain requires vast resources of computing power and electricity primarily to:

Question 40

Robo-advisory services are most likely to appeal to which type of investor?

Question 41

Which data processing method involves assuring data quality by adjusting for bad or missing data?

Question 42

Which of the following is considered a 'traditional' source of data?

Question 43

An algorithm given inputs of source data with no assumptions about their probability distributions is characteristic of:

Question 44

Which of the following describes the relationship between 'volume' and 'variety' in Big Data?

Question 45

Which dataset is used to refine relationship models in machine learning?

Question 46

What is a significant drawback of Distributed Ledger Technology regarding trade cancellations?

Question 47

Investors in Initial Coin Offerings (ICOs) should be aware that:

Question 48

Which of the following is a risk analysis technique that can be enhanced by Big Data and Machine Learning?

Question 49

A key challenge in using Big Data is:

Question 50

Which technology could potentially replace paper real estate deeds at government offices?