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