Ethereum Devcon Quiz - 1

Ethereum Devcon Quiz - 1

Professional Development

25 Qs

quiz-placeholder

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Ethereum Devcon Quiz - 1

Ethereum Devcon Quiz - 1

Assessment

Quiz

Computers

Professional Development

Medium

Created by

MACGILL F

Used 3+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of a consensus mechanism in blockchain?

  1. To ensure data privacy

  1. To validate and agree on the state of the blockchain

  1. To create new cryptocurrencies

  1. To facilitate smart contracts

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. What is a "smart contract" ?

  1. A traditional legal contract

A self-executing contract with terms written into code

  1. A contract that requires a lawyer to execute

  1. A software application for mining cryptocurrencies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which of the following is a public blockchain?

  1. Hyperledger Fabric

Ethereum

Corda

Quorum

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In Ethereum, what does the "EVM" stand for?

  1. Ethereum Value Management

Ethereum Virtual Machine

  1. Ethereum Verification Model

  1. Ethereum Virtual Memory

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. What is the function of a "block explorer"?

  1.  To allow users to view and search blockchain data

To provide a user interface for interacting with smart contracts

  1. To mine new blocks

  1. To store private keys securely

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. Which of the following best describes the concept of "staking" in blockchain?

  1. Using computational power to validate transactions

Holding and locking up a cryptocurrency to support network operations and earn rewards

  1. Executing smart contracts

  1. Developing decentralized applications

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. What does "decentralization" mean in the context of blockchain technology?

  1. All data is stored in a central database

  1. Data is controlled by a single entity

Data is spread across multiple nodes with no single point of control

  1. Transactions are always private

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