
Web3 School ITW3 Ch. 1 Quiz
Authored by Kelly Banbury
Computers
University - Professional Development
Used 9+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not one of the fundamental design paradigms of Web3, according to the definition we provided?
peer-to-peer
decentralization
user-centric
open source
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The less energy-intensive alternative to proof of work is called...
proof of permission
proof of stake
proof of ownership
proof of work light
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is NOT true?
Bitcoin was designed to be an alternative to traditional currency
Ethereum has multiple applications in addition to being an alternative to traditional currency
The ethereum network's currency is called ethcoin.
A smart contract is a program that runs on the ethereum blockchain.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Bitcoin's current market share (Bitcoin market cap in relation to total market cap of all cryptocurrencies)?
40% - 50%
30% - 40%
< 30%
50% - 60%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main point of criticism of libertarians and cypherpunks against FIAT?
inflationary
not backed by gold
central bank controlled
governmental debts
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What best describes the relationship between Web3 and the metaverse?
They are the same
Web3 is part of the metaverse
The metaverse is part of Web3
They overlap
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What element does Web3 add to the internet, according to Juan Benet at the Web3 summit in 2018?
reading
writing
trusting
connecting
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