Deepak Choudhary
30-08-2025
Looking for the answer to today's Syntax Verse Daily Quiz Answers 20 August 2025? You're in the right place! Collect your rewards by answering today's Syntax Verse quiz: "What is a key difference between Web3 and Web2 platforms?" with CoinGabbar.
Syntax Verse is an innovative Web3 mining project that was launched on March 17, 2025. People can earn tokens through mining. The site created a lot of buzz right after its release, attracting over 50,000 users.
There is a SyntaxVerse Application in the Android and iOS phones also, and thus allowing users to mine and manage their coins simply. The app August be downloaded from the Google Play Store or the App Store.
Quiz: Which of these is a key feature of public blockchains?
Answer: D) All transaction data is open and verifiable.
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Question 1: What is a gas war in the context of crypto?
Answer: B) A bidding competition for transaction priority.
Question 2: Gas wars usually happen during…
Answer: C) High-demand NFT minting events.
Question 3: What does ‘gas’ refer to in Ethereum?
Answer: B) Transaction processing fee.
Question 4: Why do users increase gas fees during a gas war?
Answer: D) To get their transactions processed faster.
Question 1: What does TVL stand for in DeFi?
Answer: B) Total Value Locked.
Question 2: Why might TVL not reflect the real activity in a DeFi protocol?
Answer: C) TVL can be inflated by token prices.
Question 3: What is one common way TVL can appear artificially high?
Answer: A) By double-counting assets across protocols.
Question 4: Which of these is NOT a good reason to question a high TVL?
Answer: D) Protocol has high trading volume.
Question 1: What is the main purpose of a stablecoin in the crypto ecosystem?
Answer: A) To maintain a stable value against fiat currency.
Question 2: Which of the following is an example of a fiat-collateralized stablecoin?
Answer: C) USDT (Tether).
Question 3: What backs a crypto-collateralized stablecoin?
Answer: D) Other cryptocurrencies.
Question 4: Which of the following best describes algorithmic stablecoins?
Answer: A) They adjust supply and demand automatically through code.
Question 01: What does “token swapping” usually refer to in crypto?
Answer: C) Exchanging one cryptocurrency token for another.
Question 02: Which platform is most commonly associated with token swapping on Ethereum?
Answer: B) Uniswap.
Question 03: What type of exchange is typically used for token swaps without an intermediary?
Answer: D) Decentralized Exchange (DEX).
Question 04: What is typically required to execute a token swap on a DEX?
Answer: B) A crypto wallet connected to the platform.
Question 01: What is the primary purpose of a cross-chain bridge in blockchain technology?
Answer: A) To allow assets and data to move between different blockchains.
Question 02: Which of the following is a well-known cross-chain bridge?
Answer: B)Rainbow Bridge.
Question 03: What type of token is commonly moved using cross-chain bridges?
Answer: A) Wrapped tokens.
Question 04: What is a major security risk associated with cross-chain bridges?
Answer: C) Vulnerability to exploits and hacks.
Question 01: What is a state channel in blockchain?
Answer: D) An off-chain method for conducting transactions.
Question 02: Why are state channels used in blockchain networks?
Answer: A) To improve scalability and speed.
Question 3: Which network is known for using state channels?
Answer: C) Lightning Network.
Question 4: What’s one major benefit of using state channels?
Answer: B) Fast and cheap transactions.
Question 01: What is the main goal of on-chain governance?
Answer: C) To allow protocol changes through blockchain-based voting.
Question 02: In on-chain governance, who typically votes on proposed changes?
Answer: B) Token holders or validators.
Question 03: Which of the following is a common voting mechanism in on-chain governance?
Answer: A) Proof-of-Stake Voting.
Question 04: What happens if a proposal is accepted in on-chain governance?
Answer: B) Changes are implemented automatically or semi-automatically.
The presence of random and daily quizzes on the platform allows audience members to earn extra tokens. Quizzes add a bit of entertainment and reward to the process of mining.
Deepak Choudhary is a solid two years of writing experience and crypto enthusiast. He writes about blockchain games, Telegram games, and tap-to-earn platform. Like his audience, he writes with clarity, simplicity, and lots of useful tips in his articles. He helps those unfamiliar with various aspects of crypto world in a very simple way. He also provides regular updates on the fast growing world of blockchain, with great articles covering current and expected trends and guides. His writings on crypto games as well as crypto earning apps on Telegram are quite useful and informative for people novice and experienced. His aim is to help more people explore and profit from Web3 ecosystem.
Deepak Choudhary is a solid two years of writing experience and crypto enthusiast. He writes about blockchain games, Telegram games, and tap-to-earn platform. Like his audience, he writes with clarity, simplicity, and lots of useful tips in his articles. He helps those unfamiliar with various aspects of crypto world in a very simple way. He also provides regular updates on the fast growing world of blockchain, with great articles covering current and expected trends and guides. His writings on crypto games as well as crypto earning apps on Telegram are quite useful and informative for people novice and experienced. His aim is to help more people explore and profit from Web3 ecosystem.
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