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</p> Signup and view all the answers

    What is the main goal of Web3?

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

    What is the main goal of Web3?

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

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

    <p>Ethereum</p> Signup and view all the answers

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

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

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