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Blockchain Block Explorer Quiz

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Questions and Answers

What is the main purpose of a block explorer?

To predict cryptocurrency prices

To view blockchain activity (correct)

To track the status of a pending transaction

To view the balance of a wallet

What is the technical term used to refer to tracking the status of a pending transaction?

Blockchain activity

Mempool status (correct)

Wallet balance

Cryptocurrency prices

What is the most accurate statement about block explorers?

They are used for predicting cryptocurrency prices

They are used to view blockchain activity

They are used to track the status of a pending transaction

They are used to view the balance of a wallet (correct)

What is the most accurate description of a block explorer?

A tool used to view the balance of a wallet Signup and view all the answers

What is the purpose of block explorers?

To view blockchain activity Signup and view all the answers

What is the technical term used to refer to tracking the status of a pending transaction?

Mempool status Signup and view all the answers

What is the most accurate statement about block explorers?

They are used to view the balance of a wallet Signup and view all the answers

What type of task can block explorers be used for?

Predicting cryptocurrency prices Signup and view all the answers

What is the purpose of a block explorer?

To view blockchain activity Signup and view all the answers

What is the technical term used to refer to tracking the status of a pending transaction?

Mempool status Signup and view all the answers

Study Notes

Block explorers allow users to view blockchain activity.
Some block explorers are used for tracking the status of a pending transaction (technically referred to as exploring Mempool status since the transaction has not yet been recorded in a block and added to the chain) or to view the balance of a wallet.
Other block explorers are used for more advanced tasks, such as predicting cryptocurrency prices.

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Description

Test your knowledge about block explorers, which are tools used to view blockchain activity, track pending transactions, view wallet balances, and perform advanced tasks like predicting cryptocurrency prices.