DApps on Bitcoin Blockchain?

DApps on Bitcoin Blockchain?

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video explores Stellar, a blockchain-based payment network similar to Ripple, founded by Jed McCaleb. It highlights Stellar's mission to promote financial inclusion through low-cost services. The Stellar Consensus Protocol, based on Federated Byzantine Fault Tolerance, ensures efficient transactions. Anchors facilitate real-world asset transactions. Stellar's native cryptocurrency, Lumens, supports network operations and token issuance. The platform's features make it attractive for startups and ICOs.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the main mission of the Stellar Development Foundation?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the Stellar Network achieve consensus?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the difference between Stellar's consensus protocol and Bitcoin's?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are anchors in the context of the Stellar Network?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the Stellar Ledger facilitate cross-border transactions?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of lumens in the Stellar Network?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe the advantages of issuing tokens on the Stellar Network.

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