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