Day-2, Session-3

Which was the first cryptocurrency ever created?

• Ethereum

• Litecoin

• Ripple

• Bitcoin

What is the primary function of cryptocurrency mining?

• Printing digital currency

• Adding transactions to the blockchain ledger

• Buying NFTs

• Preventing hacking

Which of the following is a characteristic of most cryptocurrencies?

• Centralized control

• Physical presence

• Decentralization

• Government-issued

What does the term “Altcoin” refer to?

• Alternative to Bitcoin

• Coins used in alternate universes

• Only tokens used in gaming

• Only Ethereum-based tokens

Which of the following is an example of an Altcoin?

• Bitcoin

• Dogecoin

• U.S. Dollar

•  Mastercard

Ethereum differs from Bitcoin mainly because it enables:

• Mining on mobile

• Smart contracts

• Faster fiat exchange

• Government oversight

Which of these is a popular gaming token?

• Chainlink

• Axie Infinity (AXS)

• Cardano

• Monero

What is the use of gaming tokens in blockchain games?

• To replace physical consoles

• For in-game purchases and rewards

• To stream games

• Only for donations

Which platform uses the token “SAND” in its metaverse ecosystem?

• Decentraland

• Axie Infinity

• Sandbox

• Gala Games

What role does blockchain play in the Metaverse?

• Enhances game graphics

• Verifies digital ownership and transactions

• Replaces the internet

• Controls VR headsets