Cryptocurrency quiz

Why is web3 better than web2 in terms of data?

• There is no difference between the two mentioned networks

• Data is not maintained by centralized organizations

• Data is managed by governments, not companies

What type of blockchain network does the following description refer to? In this type of network, various operations with information and data are performed by several different servers at once. Data ownership and computing resources are evenly distributed throughout this network.

• Centralized

• Distributed

• Decentralized

Can a cryptocurrency be stable?

• Some cryptocurrencies are always stable.

• Cryptocurrency is always unstable and it is impossible to predict something about it.

• It can be predictable.

What programming language is not available for installing a node?

• JavaScript

• Leo

• None of the options

• Rust

• C++

What is Proof of Work?

• PoW is an algorithm by which a new block is added to the blockchain, transactions are confirmed, and a single version of the ledger is verified in all its copies stored by separate nodes.

• PoW - a method of protection in cryptocurrencies, in which the probability of the formation of the next block in the blockchain by the participant is proportional to the share that the accounting units of this cryptocurrency belong to this participant from their total number.

• PoW is a proof-of-importance consensus algorithm that is responsible for network security through reaching agreement between nodes.

What is a Public Key?

• Public key is a cryptographic code that consists of an asymmetric key encryption algorithm that is used to convert messages into an unreadable format.

• The public key provides access to the cryptocurrency address and allows you to manage its contents.

• The public key is the key or password that unlocks the cryptocurrency wallet. It is created or received by each user when working with the wallet.

Which of the following descriptions fits web3 features?

• Slow Internet connection types,

  many static web pages loaded from servers.

• The emergence of new web services, the development of web programming, improving the design and convenience of sites, reducing the user's ability to be anonymous.

• A new concept of the Internet, the main of which is decentralization, the absence of a single body of control and censorship.

What does this description fit? Any client or small business can take out a short-term, zero-interest loan and negotiate individual repayment terms without the lender and borrower meeting in person.

• Making a loan through an online bank.

• Cryptocurrency lending platform

• P2P lending system

What kind of cryptocurrency futures is being described? At the time of execution, the actual transfer of the asset will be performed, at the conclusion of the transaction, the purchase of 100 tokens was discussed, at the time of expiration, the seller will send the tokens to the buyer, who in turn will pay the agreed amount.

• Leveraged Futures

• Settlement futures

• Deliverable futures

What can NFT be used for?

• Artists can create and auction their tokenized works.

• Can be rewarded from the project and sold.

• You can use NFT as sports betting on certain sites.

• None of the above.

• All of the above.