DeFi vs

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Questions and Answers

What technology does Web3 integrate to enable decentralized computer networks and distributed applications?

  • Artificial Intelligence
  • Blockchain (correct)
  • Virtual Reality
  • Internet of Things

Between 2017 and 2020, what financial system did the Ethereum network pioneer the development of?

  • Web2
  • Web3 (correct)
  • Web4
  • Web1

Which blockchain introduced the framework for the development of Web3?

  • Ripple
  • Litecoin
  • Ethereum (correct)
  • Bitcoin

What is the relationship between DeFi and Web3?

<p>DeFi is a part of Web3 (A)</p> Signup and view all the answers

What is the main goal of Web3?

<p>To solve inefficiencies in Web1 and Web2 (D)</p> Signup and view all the answers

Which of the following statements accurately describes the relationship between DeFi and Web3?

<p>DeFi is a subset of Web3 (C)</p> Signup and view all the answers

What is the main goal of Web3?

<p>To solve the inefficiencies of Web1 and Web2 (C)</p> Signup and view all the answers

What did the Ethereum network pioneer the development of between 2017 and 2020?

<p>Protocols for a more transparent, permissionless, and open financial system (D)</p> Signup and view all the answers

Which blockchain introduced the framework that initiated the development of Web3?

<p>Ethereum (D)</p> Signup and view all the answers

What technology does Web3 integrate to enable decentralized computer networks and distributed applications?

<p>Blockchain technology (A)</p> Signup and view all the answers

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