Chapter 5 - Assessment

Question 1

How does BUMP streamline the validation process for composite proofs?

• By allowing unlimited transaction inputs

• By simplifying parsing and validation, despite the complexity of composite proofs

• By automating transaction confirmations

• By decentralizing the validation process

Question 2

What essential components does a BUMP data structure include? (Choose two)

• Block Height

• Transaction fees

• Tree Height

• Wallet addresses

Question 3

Which encoding methods does BUMP utilize to accommodate various use cases?

• Hexadecimal and ASCII

• Binary and JSON

• Morse code and Braille

• Base64 and UTF-8

Question 4

In the BUMP format, what does the "duplicate" flag indicate when set to true for a leaf?

• That the leaf should be ignored

• That the hash of the previous node should be duplicated

• That the leaf contains encrypted data

• That the leaf is a root node

Question 5

How does BUMP contribute to network efficiency?

• By increasing the number of transactions per block

• By minimizing redundancy and enhancing data efficiency through consolidation

• By encrypting all transaction data

• By requiring fewer confirmations for each transaction

Question 6

What is the primary purpose of the BSV Unified Merkle Path (BUMP) format?

• To increase the block size

• To standardize transaction fees

• To optimize the verification process for transactions

• To encrypt transaction data

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