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Linux Foundation Exam HFCP Topic 1 Question 6 Discussion

Actual exam question for Linux Foundation's HFCP exam
Question #: 6
Topic #: 1
[All HFCP Questions]

Which of the following statements describes Chaincode correctly?

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Suggested Answer: B

Chaincode in Hyperledger Fabric is essentially smart contract software that defines assets and the transaction instructions for modifying these assets on the ledger. Chaincode functions as the business logic layer of the network, where the rules for interacting with the ledger are specified. It is executed on the network peers and is used to encode the policies and constraints associated with asset exchanges or updates within the business network. This setup allows organizations to automate processes and enforce consistency and compliance across transactions.


by Jolene at Apr 23, 2024, 01:57 PM

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Fallon
5 months ago
I think C) is a trap answer. It sounds wrong. I would go with B) as well because it aligns with the purpose of chaincode.
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Arlene
5 months ago
That's a good point, But I still think B) fits better as it directly interacts with assets and transactions.
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Germaine
6 months ago
I'm not so sure, I think it could also be A) since chaincode is involved in creating new blocks on the ledger.
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Mayra
6 months ago
I agree with B) makes sense because chaincode is like a smart contract.
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Arlene
6 months ago
I think the correct answer is B) Chaincode is software defining assets and transaction instructions for modifying the assets on the ledger.
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Tamekia
7 months ago
No, it's not. Chaincode is specifically for defining assets and instructions on the ledger.
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Dominic
7 months ago
So, it's not a code of conduct or a legally enforceable business contract?
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Tamekia
7 months ago
Chaincode is software defining assets and transaction instructions for modifying the assets on the ledger.
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Buck
7 months ago
What is Chaincode?
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