Blockchain Can Change the Internet's Infrastructure, Block.One CEO Says

The transcript discusses the value of cryptocurrencies, focusing on fundraising and treasury management strategies. It highlights the use of tokens, their environmental impact, and the challenges in blockchain adoption. The conversation also covers blockchain applications, governance, and the need for transparency in decision-making processes.

What was the primary reason for converting the raised funds into fiat currency?

• For conservative treasury management

• To invest in real estate

• To increase the value of the tokens

• To avoid taxation

What is the purpose of the EOS VC program?

• To develop a new cryptocurrency

• To invest in businesses building on the EOS IO protocol

• To create a new blockchain protocol

• To fund environmental projects

How does the proof of work mechanism impact the environment?

• It reduces carbon emissions

• It has no impact on the environment

• It increases energy efficiency

• It contributes to environmental negativity

What is one of the main challenges facing blockchain platforms?

• Low user adoption

• High transaction fees

• Insecure data storage

• Lack of developers

What analogy is used to describe the current stage of blockchain development?

• Building with bricks

• Building with glass

• Building with straw and hay

• Building with steel

What is a key benefit of blockchain technology according to the transcript?

• It centralizes data storage

• It reduces transparency

• It increases transaction costs

• It aligns interests and brings stakeholders closer

What is the role of a constitution in blockchain governance?

• To enforce strict rules without flexibility

• To provide a set of adaptable rules for governance

• To eliminate the need for governance

• To centralize decision-making