Academy Knowledge Check - October EOM

What does signing a transaction involve?

• Using a public key to decrypt a message

• Using a private key to encrypt a message

• Adding a message and cryptographic signature to a transaction

• All of the above

A signed message includes a message, an address, and what else?

• A timestamp

• A nonce

• A signature

• All of the above

What can a signed message prove?

• A wallet's owner

• That the owner of a wallet has enough funds to make a transaction

• That the owner of a wallet has created a new cryptocurrency

• None of the above

Signing a transaction helps prove it is genuine. True or false?

• True

• False

What is 'DApp' short for?

• Distributed App

• Distributed Application

• Decentralized Application

What must you connect to a DApp before you can use it?

• A cryptocurrency wallet

• A centralized server

• A cryptocurrency exchange

• An email account

Who can view a DApp's code on the blockchain?

• Only the DApp's developers

• Only the DApp's users

• Only the DApp's creator

• Anyone

What is 'DeFi' short for?

• Decentralized App

• Distributed Finance

• Decentralized Finance

• Distributed App

What does the term 'volatility' refer to?

• The number of trades executed in a given period

• How quickly and by how much the value of an asset changes over time

• The measure of liquidity in a market

• The total value of assets in a portfolio

Cryptocurrencies are traditionally more volatile than other tradable assets. True or false?

• True

• False