Certified Blockchain Business Foundations (CBBF) — Question 10

What is Ethereum?

Answer options

• A. Another name for Bitcoin
• B. A platform for creating decentralized applications
• C. A currency
• D. Another name for Blockchain

Correct answer: B

Explanation

The correct answer is B because Ethereum is primarily known as a platform that enables the development of decentralized applications (dApps). Option A is incorrect as Bitcoin and Ethereum are distinct cryptocurrencies. Option C is misleading since while Ethereum has a currency (Ether), it is more than just a currency. Option D is also incorrect because Ethereum is not just another name for Blockchain; it is a specific implementation of blockchain technology.