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Home » Quiz intermediate – lessons nr 51-58

2. Intermediate Course 58. What is Proof of Reserves (PoR)? How does it work? Quiz intermediate – lessons nr 51-58

Quiz intermediate – lessons nr 51-58

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Question 1 of 10

1. Question
What is a Lightning Network?
- A layer one solution that significantly increases the scalability and throughput of Bitcoin
- A tier two solution that significantly increases scalability and throughput while maintaining full integrity with the blockchain
- A tier-three solution that enables anonymous cryptocurrency transactions
- A layer four solution that collects transaction data
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Question 2 of 10

2. Question
When did the first transaction using Lightning Network take place?
- January 1, 2018
- December 6, 2017
- April 15, 2019
- August 24, 2017
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Question 3 of 10

3. Question
What is Play-to-Earn (P2E)?
- Games in which players cannot earn prizes
- Games in which players can earn virtual prizes but cannot sell them
- Games in which players can earn real rewards, often in the form of cryptocurrencies or NFTs
- Games that are not designed to make money
Correct

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Question 4 of 10

4. Question
What is the Move-to-Earn (M2E) model?
- A model in which players earn rewards for making physical movement
- A model in which players earn by completing in-game tasks
- A model in which players earn by playing online team games
- A model in which players earn by investing in cryptocurrencies
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Question 5 of 10

5. Question
What is SegWit in the context of Bitcoin?
- A protocol update that separates the proof of transaction signature from the transaction block
- A protocol that increases the capacity of a block to 2 megabytes
- A blockchain-based online payment model
- A system that eliminates the need for transaction confirmation
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Question 6 of 10

6. Question
What distinguishes decentralized exchanges (DEXs) from centralized exchanges (CEXs)?
- DEXs do not have a central governing body, while CEXs are centrally managed
- DEXs require full KYC (Know Your Customer), while CEXs do not
- DEXes hold users' funds on an exchange, while CEXes hold users' wallets
- DEXes are more vulnerable to hacking attacks than CEXes
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Question 7 of 10

7. Question
What assets does the Curve Finance platform support?
- Only fixed-value cryptocurrencies
- Only cryptocurrencies based on the Ethereum blockchain technology
- Stable tokens (stablecoins) and other cryptocurrencies
- Only cryptocurrencies based on the Bitcoin blockchain technology
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Question 8 of 10

8. Question
How can users make money in the Curve Finance protocol?
- By trading CRV tokens on cryptocurrency exchanges
- By sharing their resources in liquidity pools
- By participating in airdrops organized by the platform
- By participating in the sale of Curve Finance tokens
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Question 9 of 10

9. Question
What is GameFi?
- A decentralized technology that integrates video games with the financial market
- A video game-based economic model that allows players to make money in a virtual world
- A type of crypto token used in video games
- A tool used to trade video games on cryptocurrency platforms
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Question 10 of 10

10. Question
On which platforms can you find the most popular GameFi projects?
- Exclusively on the Ethereum platform
- On the Ethereum, Solana and Polygon platforms
- Only on the Solana platform
- On the Ethereum and Binance Smart Chain platforms
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2. Intermediate Course

Course Home Expand All

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Quiz intermediate – lessons nr 38-43

42. Market Cap versus Fully Diluted Market Cap – the most important differences you should know!

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44. What are DeFi liquidity pools?

45. Real Yield in DeFi – what is this trend? What does it consist of?

46. Vampire Attacks in Decentralized Finance (DeFi): Explanation and Examples

47. What are Wrapped Tokens?

48. What are Security Tokens?

49. What are Social Tokens?

50. Liquidity Provider Tokens (LPs). What are they, and why are they so important?

1 Quiz

Quiz intermediate – lessons nr 44-50

51. What is the Lightning Network, and how does it work?

52. What is Play-to-Earn (P2E) and how does it work?

53. Cryptocurrency steps – What is Move to Earn (M2E)?

54. Segregated Witness – what is Segwit Bitcoin all about?

55. What are Decentralized Cryptocurrency (DEX Exchanges)?

56. What is Curve Finance?

57. What is GameFi and how does it work?

58. What is Proof of Reserves (PoR)? How does it work?

1 Quiz

Quiz intermediate – lessons nr 51-58

59. DAO Investment: A revolution in the world of finance and investment

60. What is MakerDAO and DAI Stablecoin?

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