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