https://galxe.com/MissionWeb3/campaign/GCXm7UjALU
Quiz: Crypto Currency Exchanges - Test Your Knowledge
Question 1: What is the primary purpose of crypto exchanges?
A. To create new cryptocurrencies.
B. To facilitate the trading of cryptocurrencies.
C. To generate blockchain transactions.
Question 2: Which of the following is a security measure employed by reputable exchanges?
A. Lack of encryption to ensure transparency.
B. Regular security audits.
C. Public disclosure of private keys.
Question 3: What is the significance of the phrase "Not your keys, not your crypto"?
A. A warning against trading cryptocurrencies.
B. Highlighting the importance of keeping private keys secure.
C. Encouraging users to share their private keys with exchanges.
Quiz: Important Things To Know On-Chain - Test Your Knowledge
Question 1: What does an on-chain transaction refer to?
A. A transaction recorded and validated on a blockchain network.
B. A transaction processed by a centralized exchange.
C. A transaction that occurs off the blockchain.
Question 2: Gas fees are associated with:
A. Buying physical goods online.
B. Interacting with social media platforms.
C. Performing transactions and executing smart contracts on a blockchain network.
Question 3: What determines the cost of a transaction's gas fee?
C. Both the Gas Limit and Gas Price.
Question 4: Gas fees are important for:
A. Ensuring fair distribution of cryptocurrencies.
B. Preventing spam and malicious attacks on the network.
C. Determining the value of cryptocurrencies.
Question 5: What does the term "HODL" mean?
A. Holding onto cryptocurrency investments.
B. Selling cryptocurrency during market downturns.
C. Exchanging cryptocurrency frequently.
Question 6: What does "FUD" stand for?
A. Fast Underlying Development.
B. Fear, Uncertainty, and Doubt.
C. Financial Underwriting Disclosure.
Question 7: What does "DeFi" refer to?
B. Decentralized Finance.
C. Digital Financial Institutions.
Question 8: What is the role of Gas in blockchain?
A. It's a type of cryptocurrency.
B. It's the name of a blockchain platform.
C. It's the fee paid to execute transactions and smart contracts on a blockchain.
Question 9: What is "Yield Farming" in DeFi?
A. Growing crops in a virtual environment.
B. Providing liquidity to DeFi protocols to earn rewards or interest.
C. A strategy to sell high and buy low.
Question 10: What does "Metaverse" refer to?
A. A network of physical locations.
B. A virtual shared space where users interact with digital assets.
C. A type of digital currency.
2024.02.22 - [이것저것] - GALXE Web3 - Module 1: Welcome to Web3 - Quiz 정답