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EOSIO System Quiz

Total questions: 8

Worksheet time: 40mins

Name
Class
Date
1.

First thing first, do you know what EOSIO is?

a)

А. EOSIO is a blockchain-based infrastructure for decentralized applications, that operates as a smart contract platform and powered by the native cryptocurrency EOS.

b)

В. EOSIO is an open-source cryptocurrency that focuses on fungibility, privacy, and decentralization.

c)

С. EOSIO is the first cryptocurrency wallet built for the everyday consumer.

2.

In blockchain one of the most important things is consensus mechanism - this is a method of decision making within the network. Which one uses EOSIO?

a)

A. PoW

b)

B. PoS

c)

C. DPoS

3.

You may see and read a lot about Block Producers of the EOS system here and there. Do you know who the Block Producers are?

a)

А. Block producers (BPs) are decentralized entities that govern the EOS blockchain.

b)

В. Block producers are those who own EOS tokens.

c)

С. Block producers are the stakeholders of the EOS software.

4.

Block Producers are producing the blocks of the blockchain. But what exactly goes into those blocks that are being created?

a)

А. Each block consists of a record of some or all recent transactions.

b)

В. Each block consists of a list of token transactions (example: User A sends tokens to User B).

c)

С. Each block consists of a header and a list of transactions and also all of the information about dApps.

5.

So we learned that who the BPs are and also what are they doing. But there is another question: how BPs are getting paid?

a)

A. Block Producers rewarded through an inflationary system.

b)

B. Block Producers rewarded by mining fees.

c)

C. Block Producers rewarded directly by block.one.

6.

What is the EOS BP Voting itself?

a)

A. Simplified action through dApp.

b)

B. One type of transaction.

c)

C. Specialized online program.

7.

Alright. Now it’s time to discuss the voting system. For how many BP Candidates EOS token holders can vote?

a)

A. 21

b)

B. 3

c)

C. 30

8.

What is Vote Proxy?

a)

A. Users delegate their voting power to a proxy to vote on their behalf.

b)

B. Users unite together and vote for one account.

c)

C. Users vote through proxy servers to remain anonymous.