Blockchain Quiz A challenging Quiz all about Blockchain and Ethereum Start our free Quiz now and figure out, how well your Blockchain knowledge is. The rules are: You have to answer 30 Questions Timelimit will be 5 minutes every question has only 1 correct answer Do you have what it takes to answer all questions correct? (Spoiler: Nobody has ever gotten every answer right) Why do we need Blockchain? Power and Corruption create a trust problem We need to store more data Data needs to be available everywhere What are the benefits of Blockchain? Creates trust and security Stores huge amount of data Connect the world What can you do with tokens? Create new Blockchains Apply functions to a Blockchain Secure a blockchain What is a cryptocurrency Coin? Money Wallet Blockchain What did Satoshi Nakamoto develop? Bitcoin whitepaper Blockchain Ethereum whitepaper Who invented Ethereum? Arthur Britto Vitalik Buterin Gavin Wood What is Blockchain? An algorithm An open, distributed, transparent ledger A digital Book for global access What are the limitations of Blockchain? There are no limitations Scalability, speed and storage Government What is a hash ? A checksum An algorithm A encryption code Why do we need a hash function? Security Transparency Distribution What is the task of a miner? Validate transactions Transfer coins Secure the ledger What is a miner? A computer A person A nodal point in the network What is the task of the ledger? Tracking transactions Hint function Warning function How do we secure the ledger? Encryption Transparency Cryptographic hashing Why do you need a digital wallet? Share data Store coins Use the network What types of Blockchain users exist? Centralized and decentralized user Active and Passive user Miner and Trader What is the basic concept of the Blockchain technology? Sharing Transparency Distribution What is the key function of Blockchain? Tracking transactions Eliminate third parties Everyone can review everything What is a correct type of a hash function? Proof of work SHA256 There is no type of a hash function, they are all the same What is Proof of Work? The effort to validate transaction The effort to transfer coins The effort to confirm successful transactions What is a cryptocurrency? Digital currency A coin A piece of code What is Ether? A Blockchain A piece of code Ethereum What is a smart contract? An Agreement Commitment A self executing code Can you change a smart contract? Yes Yes, with permission of both parties No What is an example of a DAO? There are no examples IOTA Steemit What is an advantage of a DAO? Reduce costs Do not need people Reduced risk of failure What is a criterion of a dApp? Open Source Transparent Free What is a "type 1" dApp? Runs on their own Blockchain Runs on another Blockchain Uses smart contracts What is the purpose of the Blockchain technology? Because we have a safety problem Because we have a trust problem Because of the dark net What is a peer-to-peer system? System of peers Nodal points Computer union What is a token? Subset of a coin Fuel for the network Needed for smart contracts What are the benefits of tokens? You can trade with him You can collect them You can apply functions on the blockchain What is the different between DO and DAO? DO is autonomous DAO is more secured DAO is autonomous How is DAO defined? With dApps Through smart contracts With Tokens What is an ERC20 Token? High value token Standard token A token that is 20 times faster What is a coin? A Blockchain A rule in the network An asset What is an example for Blockchain 2.0? Ethereum Bitcoin IOTA What do you need for decentralized applications? A smart phone A smart contract Ethereum Thanks for completing our Blockchain Quiz. If you are interested in getting more detailed results of your Quiz, just leave us your E-Mail and we can send it to you. Your Nirolution Team Name (optional) E-Mail (get more detailed information about your Quiz) Time's up
