Unilayer Network Mainnet Monday Quiz Week 3

The following is correct statement on the reason for interoperability, EXCEPT:

• To standardize the smart contract protocol for multiple blockchain networks.

• To acquire the benefits from multiple blockchain networks for adaptation in Dapps.

• To increase the reliability for security level due to multiple blockchain interaction.

• To promotes decentralization in blockchain technology.

The following statement is true on WBTC (Wrapped Bitcoin) not the ultimate solution to unlock Bitcoin liquidity in other blockchain network, EXCEPT:

• WBTC provides a centralized custodian to hold the actual Bitcoin, introducing counterparty risk and regulatory issues.
• WBTC has no impact on Bitcoin liquidity
• WBTC requires KYC requirements.

• WBTC allows for seamless interoperability between different blockchain networks

Which UTXO-designed network able to integrate with Metamask before Unilayer Network?

Describe the algorithm that makes Unilayer Network making a better smart contract?

• Unilayer Network utilize oracles that broaden the scope in which smart contracts operate. Blockchain oracle technology feeds real-world data into smart contracts.

• Unilayer Network uses UTXO-designed architecture as best in class platform to ensure better smart contract,

• Unilayer Network utilize universal node which validate transactions on a native chain (Ethereum, Near, Solana, etc.), as well as cross-chain transactions on the UniLayer network.

• Unilayer Network use uDPoS (UniLayer Delegated Proof of Stake) algorithm for consensus mechanism. An improvement over traditional PoS (Proof of Stake) algorithms, as it combines the advantages of PoS and DPoS (Delegated Proof of Stake) mechanisms.

The following is 3 Fundamental Ways Unilayer is Reenvisioning Smart Contracts, EXCEPT:

• • Contract Compilation: Utilize Logix to compile smart contracts into bytecode, which can then be deployed onto the Unilayer network.

• Multichain Smart Contract Bundling: Logix drastically reduces the complexity inherent in coordinating smart contracts on separate chains, uniting them in a single cross-chain smart contract.

• Interoperable Smart Contracts: Inversely, Logix is a de facto upgrade for all smart contracts, irrespective of the chain.

• Cross-chain Transactions: using Logix smart contracts

When is Unilayer Network's Mainnet Launch?

• 21st March 2024

• 18th March 2024

• 25th March 2024

• 20th March 2024

Who is the CEO of Unilayer Network?

• Sergey Belets

• Alex Belets

• Sergey Sapegin

• Oleg Azizov

Which OS is currently not supported by Unilayer Network's Mainnet?

• Linux

• MacOS

• Windows

• Android

Unilayer Network can turn ANY of blockchain to become its Universal Node

• True

• False

What is your BSC20 Wallet?

Evaluate responses using AI:

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