Academy Knowledge Check - December EOM

What is the main role of a blockchain validator?

• To create and process new blocks

• To verify and authorize transactions

• To maintain network security

• To encrypt data on the blockchain

How does a validator work?

• They execute consensus algorithms

• They validate smart contracts on the blockchain

• They verify each transaction and maintain the database

• They mine new cryptocurrency tokens

In some blockchains, validators are also known as what?

• Network administrators

• Minter

• Block producers

• Miners

What do validators typically receive in return for their contribution to the network?

• Fiat currency

• Cryptocurrency coins or tokens

• Smart contracts

• Transaction fees

In a PoS system, where do token rewards come from?

• Token minting by the network

• Initial coin offerings (ICOs)

• Validator endorsements

• Transaction or gas fees

What kind of webpages were commonplace in Web1?

• Interactive and dynamic pages

• Pages with embedded videos

• Pages with real-time chat features

• Read-Only pages

In what year was Web1 first used?

• 2003

• 1995

• 1989

• 2008

What is Web2 or Web 2.0?

• The current version of the internet

• The earliest version of the internet

• A decentralized version of the internet

• The version of the internet used for e-commerce

What kind of webpages are commonplace in Web2?

• Read-Only pages

• Pages with virtual reality content

• Read-Write pages

• Pages with artificial intelligence features

What is Web3 or Web 3.0?

• A version of the internet with unlimited bandwidth

• A version of the internet with enhanced privacy features

• A version of the internet exclusive to mobile devices

• The next generation of the internet