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Web3 Fundamentals
Test your knowledge on the basics of Web3 and its underlying technologies.
What are smart contracts?
Contracts that require a notary
Contracts written in legal language
Traditional paper contracts
Self-executing contracts with the terms directly written into code
What is the purpose of a cryptocurrency wallet?
To store and manage cryptocurrencies
To mine new coins
To create smart contracts
To facilitate blockchain governance
What is a token in the context of blockchain?
A type of smart contract
A physical coin used in transactions
A method of data storage
A digital representation of a unit of value
What is the role of miners in a blockchain network?
To validate transactions
To develop smart contracts
To create new blocks
To store data
What is a blockchain?
A social media platform
A programming language
A type of database
A web server
What is a decentralized application (dApp)?
A mobile application
An application that runs on a peer-to-peer network
An application that runs on a single server
An application that is hosted on a cloud service
What is a consensus mechanism in blockchain?
A process to validate transactions
A type of smart contract
A method to secure private keys
A way to create dApps
What is the difference between a public and a private blockchain?
Public blockchains are faster than private blockchains.
Private blockchains are always more secure than public blockchains.
Public blockchains do not use consensus mechanisms.
Public blockchains are open to anyone, while private blockchains are restricted to specific users.
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