WorksheetsAcademy Knowledge Check - October EOM
Total questions: 21
Worksheet time: 6mins
What does signing a transaction involve?
Using a public key to decrypt a message
Using a private key to encrypt a message
Adding a message and cryptographic signature to a transaction
All of the above
A signed message includes a message, an address, and what else?
A timestamp
A nonce
A signature
All of the above
What can a signed message prove?
A wallet's owner
That the owner of a wallet has enough funds to make a transaction
That the owner of a wallet has created a new cryptocurrency
None of the above
Signing a transaction helps prove it is genuine. True or false?
True
False
What is 'DApp' short for?
Distributed App
Distributed Application
Decentralized Application
What must you connect to a DApp before you can use it?
A cryptocurrency wallet
A centralized server
A cryptocurrency exchange
An email account
Who can view a DApp's code on the blockchain?
Only the DApp's developers
Only the DApp's users
Only the DApp's creator
Anyone
What is 'DeFi' short for?
Decentralized App
Distributed Finance
Decentralized Finance
Distributed App
What does the term 'volatility' refer to?
The number of trades executed in a given period
How quickly and by how much the value of an asset changes over time
The measure of liquidity in a market
The total value of assets in a portfolio
Cryptocurrencies are traditionally more volatile than other tradable assets. True or false?
True
False
A highly volatile asset typically sees price fluctuations that are what?
Large
Small
Consistent
Nonexistent
What is implied volatility?
The overall market sentiment towards an asset
How an asset's price could change in the future
The historical average price of an asset
The current market price of an asset
What is market sentiment?
The rate of return on an investment
The total value of assets in the market
The historical performance of an asset
How investors feel and act
Who can access a permissioned blockchain?
Anyone
Only miners and validators
Government agencies and regulatory bodies
Those who have authorization
Are permissioned blockchains open to the general public?
Yes
No
It depends on the specific permissioned blockchain
Only certain individuals with special access
Who are permissioned blockchains typically used by?
Organizations that want to control who has access
Individual users
Government entities
Non-profit organizations
Who can access a permissionless blockchain?
Only authorized participants
Anyone
Government agencies and regulatory bodies
Only miners and validators
Which of these two blockchain types is completely transparent?
Permissionless blockchain
Permissioned blockchain
They both have the same level of transparency
None of the above
Which of these two blockchains offers greater anonymity to its users?
Permissionless blockchain
Permissioned blockchain
They both offer the same level of anonymity
None of the above
Which of these two blockchains requires users to provide some form of identification?
Permissionless blockchain
Permissioned blockchain
They both require user identification
None of the above
What kind of blockchain does Bitcoin use?
Permissionless blockchain
Permissioned blockchain
Hybrid blockchain
Consortium blockchain
