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