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