"Web3 Quiz" by Alexander

What is a token in the context of blockchain?

A smart contract

A cryptographic key

A digital currency

A data structure

What is a blockchain wallet used for?

Executing smart contracts

Verifying consensus mechanisms

Mining new tokens

Storing and managing digital assets

What is a consensus mechanism in blockchain?

Proof of Authority

Delegated Proof of Stake

Proof of Stake

Proof of Work

What is a blockchain?

A distributed network

A decentralized ledger

A centralized database

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 credit cards

A digital wallet for storing cryptocurrencies

A physical wallet for storing cash

A wallet for storing personal documents

What is a blockchain wallet used for?

Storing and managing digital assets

Verifying consensus mechanisms

Executing smart contracts

Mining new tokens

What are smart contracts?

Verbal agreements

Traditional legal contracts

Self-executing contracts

What is a blockchain wallet used for?

Mining new coins

Verifying transactions

Executing smart contracts

Storing cryptocurrencies

What is a blockchain wallet used for?

Mining cryptocurrencies

Sending and receiving cryptocurrencies

Trading cryptocurrencies

Storing cryptocurrencies

What is a blockchain wallet used for?

Executing smart contracts

Mining new coins

Verifying transactions

Storing cryptocurrencies