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Are You an Ethereum Expert?

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Questions and Answers

What was Ethereum primarily intended to be?

A blockchain software platform (correct)

A currency to compete with Bitcoin

An official wallet

A popular library alternative

What is a notable innovation of Ethereum?

Popular library alternative

Alternative to Bitcoin

Self-executing smart contracts (correct)

Official wallet

What happened in 2016 that impacted Ethereum?

Part of the community rejected a change and created Ethereum Classic (correct)

It was accessed through several wallets

It became a popular library alternative

It became the most popular cryptocurrency

Study Notes

Ethereum Overview

Ethereum was primarily intended to be a decentralized platform for building decentralized applications (dApps)
Notable innovation of Ethereum: The introduction of smart contracts, which enable self-executing contracts with specific rules and regulations

The DAO Hack

In 2016, the DAO (Decentralized Autonomous Organization) was hacked, resulting in the theft of approximately 3.6 million Ether, worth around $50 million at the time

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Description

Test your knowledge about Ethereum, the second most popular cryptocurrency, and its unique features as a blockchain software platform. Explore its use of self-executing smart contracts and decentralized apps, and compare it to Bitcoin. Discover if Ethereum is here to stay and its potential to compete with other cryptocurrencies.