Chapter 3 - Assessment

Q1

True/False: Bitcoin uses elliptic curve -secp256k1, standardized by Standards for Efficient Cryptography.

A) True

B) False

Answer: True

Q2

Why do real-world applications use Extended ECDSA?

A) To save storage space and hence cost

B) To minimize bandwidth consumption of communication channels such as the internet

C) To enhance the security

D) A & B

Answer : D

Q3

True/False: The use of ephemeral keys by signing algorithm in ECDSA increases security vulnerabilities

A) True

B) False

Answer: B