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CBSA Exam - Question 42


One consideration that should be taken into account when building a product on a public blockchain is:

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Correct Answer: A,C

When building a product on a public blockchain, one significant consideration is the blockchain fees associated with transactions that both the product and the user may incur. Public blockchains often require transaction fees (also known as gas fees) for operations like executing smart contracts, transferring tokens, or interacting with decentralized applications. These fees can significantly impact the usability and cost-effectiveness of the product, making it a critical factor to consider during the development process.

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felixwcfOption: A
Mar 9, 2022

Answer should be A. Building a product on public blockchain NEEDS Fuel on every transaction, and even hosting smart contract, where private blockchain does NOT need to spend fuel on both parties. This is the KEY difference between private and public blockchain.