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Exploring Ethereum
Test your knowledge about Ethereum, its technology, and its applications.
What is the role of gas in the Ethereum network?
To execute transactions
To create tokens
To store data
To validate blocks
Which of the following is a feature of Ethereum?
High transaction fees
Limited scalability
Centralized control
Decentralized applications
What is a smart contract?
A legal document
A type of insurance policy
A traditional contract
A self-executing contract with the terms directly written into code
What is the primary purpose of Ethereum's native cryptocurrency, Ether (ETH)?
To facilitate transactions on the Ethereum network
To provide governance rights
To act as a reward for Bitcoin miners
To serve as a stablecoin
What is the primary purpose of Ethereum's ERC-20 token standard?
To create non-fungible tokens
To facilitate smart contract execution
To improve transaction speed
To define a standard for fungible tokens
What is Ethereum primarily known for?
A cloud storage service
A video streaming service
A cryptocurrency
A social media platform
What is the primary consensus mechanism used by Ethereum 2.0?
Delegated Proof of Stake
Proof of Authority
Proof of Work
Proof of Stake
Finish Attempt