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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?
Limited scalability
Decentralized applications
Centralized control
High transaction fees
What is Ethereum primarily known for?
A cryptocurrency
A video streaming service
A social media platform
A cloud storage service
What is a smart contract?
A legal document
A type of insurance policy
A self-executing contract with the terms directly written into code
A traditional contract
What is the role of gas in the Ethereum network?
To store data
To execute transactions
To validate blocks
To create tokens
What is the primary consensus mechanism used by Ethereum 2.0?
Proof of Work
Delegated Proof of Stake
Proof of Authority
Proof of Stake
What is the primary purpose of Ethereum's ERC-20 token standard?
To define a standard for fungible tokens
To improve transaction speed
To facilitate smart contract execution
To create non-fungible tokens
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
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