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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
High transaction fees
Centralized control
Limited scalability
What is the primary consensus mechanism used by Ethereum 2.0?
Proof of Work
Proof of Authority
Delegated Proof of Stake
Proof of Stake
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 purpose of Ethereum's native cryptocurrency, Ether (ETH)?
To serve as a stablecoin
To provide governance rights
To facilitate transactions on the Ethereum network
To act as a reward for Bitcoin miners
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 Ethereum primarily known for?
A cloud storage service
A social media platform
A cryptocurrency
A video streaming service
What is a smart contract?
A self-executing contract with the terms directly written into code
A type of insurance policy
A legal document
A traditional contract
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