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