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