10 Questions
Which of the following is a Layer 2 solution designed to enhance Bitcoin's transaction speed and scalability?
Lightning Network
What is the primary goal of interoperability solutions in blockchain technology?
To enable different blockchain networks to communicate and work together
Which blockchain protocol is designed to connect multiple specialized blockchains into one unified network?
Polkadot
What does the term "Atomic Swaps" refer to in the context of blockchain technology?
The direct, peer-to-peer trading of cryptocurrencies between different blockchains without an intermediary
Which of the following is NOT considered a factor shaping the future of cryptocurrencies?
Physical Currency Printing
What are stablecoins primarily used for within the crypto ecosystem?
To provide a more stable and reliable medium of exchange
What is the role of financial institutions in the growing adoption of cryptocurrencies?
They are integrating cryptocurrencies into their portfolios and offering related services
What does KYC stand for in regulatory compliance?
Know Your Customer
Which career opportunity involves designing and implementing smart contracts on platforms like Ethereum?
Smart Contract Engineer
Why are Layer 2 solutions important for the future of blockchain technology?
They improve scalability and transaction speed
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
