Podcast
Questions and Answers
What is the definition of Blockchain?
What is the definition of Blockchain?
- An open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way (correct)
- A decentralized autonomous organization
- A digital currency that doesn’t require a centralized authority to work or function
- A process of distributing free cryptocurrency coins to the general public
What is Airdrop in the context of Blockchain?
What is Airdrop in the context of Blockchain?
- The first cryptocurrency that came into existence in 2009 by Satoshi Nakamoto
- A process of distributing free cryptocurrency coins to the general public (correct)
- A decentralized autonomous organization
- Any cryptocurrency other than Bitcoin
What does Altcoin refer to in the context of Blockchain?
What does Altcoin refer to in the context of Blockchain?
- A digital currency that doesn’t require a centralized authority to work or function
- An open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way
- Any cryptocurrency other than Bitcoin (correct)
- A process of distributing free cryptocurrency coins to the general public
What is Bitcoin in the context of Blockchain?
What is Bitcoin in the context of Blockchain?
What does DAO stand for in the context of Blockchain?
What does DAO stand for in the context of Blockchain?
What is the main characteristic of Blockchain technology as per the given text?
What is the main characteristic of Blockchain technology as per the given text?
What does dApp stand for?
What does dApp stand for?
What is ERC-20?
What is ERC-20?
What is Ether in the context of the Ethereum network?
What is Ether in the context of the Ethereum network?
What is Fiat in the context of cryptocurrency?
What is Fiat in the context of cryptocurrency?
What does ICO stand for in the context of blockchain?
What does ICO stand for in the context of blockchain?
What is the main characteristic of Mainnet in a blockchain environment?
What is the main characteristic of Mainnet in a blockchain environment?
What is a 51% attack in blockchain technology?
What is a 51% attack in blockchain technology?
What is a utility token in the context of blockchain?
What is a utility token in the context of blockchain?
'DYOR' stands for:
'DYOR' stands for:
'FOMO' stands for:
'FOMO' stands for:
Smart contracts offer total transparency, no miscommunication, efficient performance, no paperwork, backup, trustworthy, and guaranteed outcomes
Smart contracts offer total transparency, no miscommunication, efficient performance, no paperwork, backup, trustworthy, and guaranteed outcomes
Smart contracts do not have the disadvantage of confidentiality
Smart contracts do not have the disadvantage of confidentiality
Web 3.0 is the 2nd generation of the internet
Web 3.0 is the 2nd generation of the internet
FUD stands for Fear, Uncertainty, and Doubt
FUD stands for Fear, Uncertainty, and Doubt
ICO is used by startups to raise funds by selling fiat currency
ICO is used by startups to raise funds by selling fiat currency
Rogue contracts are not a disadvantage of smart contracts
Rogue contracts are not a disadvantage of smart contracts
Ether is the fuel that powers the Bitcoin network
Ether is the fuel that powers the Bitcoin network
DApp stands for the centralized applications that run under the control of a central authority
DApp stands for the centralized applications that run under the control of a central authority
FOMO stands for Fear Of Missing Out
FOMO stands for Fear Of Missing Out
Blockchain technology is not overhyped according to the given text
Blockchain technology is not overhyped according to the given text
Blockchain is a centralized ledger that records transactions between two parties.
Blockchain is a centralized ledger that records transactions between two parties.
Bitcoin is the first cryptocurrency that came into existence in 2009 by Satoshi Nakamoto.
Bitcoin is the first cryptocurrency that came into existence in 2009 by Satoshi Nakamoto.
DAO stands for the decentralized anonymous organization.
DAO stands for the decentralized anonymous organization.
Altcoin refers to any cryptocurrency other than Bitcoin.
Altcoin refers to any cryptocurrency other than Bitcoin.
Smart contracts are not a part of Blockchain technology.
Smart contracts are not a part of Blockchain technology.
An airdrop is a process of distributing free cryptocurrency coins to the general public.
An airdrop is a process of distributing free cryptocurrency coins to the general public.
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