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