"Web3 Quiz" by Alexander

What is a blockchain wallet used for?

Storing cryptocurrencies

Mining new coins

Verifying transactions

Executing smart contracts

What are decentralized applications (dApps)?

Applications that run on a decentralized network

Applications that run on a single server

Applications that run on a centralized network

What is a blockchain wallet?

A wallet for storing personal documents

A physical wallet for storing cash

A wallet for storing credit cards

A digital wallet for storing cryptocurrencies

What is a consensus mechanism in blockchain?

Delegated Proof of Stake

Proof of Authority

Proof of Work

Proof of Stake

What is a blockchain wallet used for?

Sending and receiving cryptocurrencies

Mining cryptocurrencies

Storing cryptocurrencies

Trading cryptocurrencies

What is a blockchain wallet used for?

Verifying transactions

Executing smart contracts

Mining new coins

Storing cryptocurrencies

What is a blockchain wallet used for?

Storing and managing digital assets

Verifying consensus mechanisms

Mining new tokens

Executing smart contracts

What are smart contracts?

Verbal agreements

Self-executing contracts

Traditional legal contracts

What is a blockchain?

A distributed network

A centralized database

A decentralized ledger

What is a token in the context of blockchain?

A digital currency

A smart contract

A data structure

A cryptographic key

What is a blockchain wallet used for?

Mining new tokens

Verifying consensus mechanisms

Storing and managing digital assets

Executing smart contracts