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Quiz: What is the purpose of on-chain reputation systems?
Answer: A) To create verifiable behavioral history for users or addresses.
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Question 1: What is the main purpose of a blockchain explorer?
Answer: B) To view blockchain data.
Question 2: Which of the following can you typically not find on a blockchain explorer?
Answer: D) Private keys.
Question 3: What does a transaction “hash” represent in a blockchain explorer?
Answer: C) A unique ID for the transaction.
Question 4: What does “block height” refer to in a blockchain explorer?
Answer: C) The position of a block in the chain.
Question 1: Which feature best differentiates DeFi from traditional finance?
Answer: D) Permissionless access
Question 2: In traditional finance, who typically controls user funds?
Answer: A) Third-party intermediaries
Question 3: What enables DeFi protocols to operate without centralized management?
Answer: C) Smart contracts
Question 4: Which of the following is a major advantage of DeFi over traditional finance?
Answer: C) Global accessibility
Question 5: What aspect of DeFi allows users to keep full control of their assets?
Answer: B) Self-custody wallets
Question 1: Which consensus mechanism does Bitcoin use?
Answer: A) Proof of Work
Question 2: What is the main purpose of a consensus mechanism in blockchain?
Answer: C) To agree on valid transactions
Question 3: Which consensus mechanism relies on validators staking their coins to participate?
Answer: C) Proof of Stake
Question 4: In Proof of Work, what do miners mainly compete for?
Answer: B) Solving cryptographic puzzles
Question 1: What does the term “FUD” stand for in the crypto market?
Answer: ) Fear, Uncertainty, and Doubt
Question 2: Which of the following is a common effect of FUD in the crypto market?
Answer: B) Panic selling by investors
Question 3: FUD is often spread intentionally to:
Answer: D) Manipulate market prices
Question 4: Which of the following news headlines is MOST likely an example of FUD?
Answer: B) “Major exchange hacked; millions at risk!”
Question 1: What does “gas” primarily measure in the Ethereum network?
Answer: C) Computational work required for a transaction.
Question 2: What happens if a transaction runs out of gas before it completes?
Answer: A) It fails and still consumes the gas provided.
Question 3: Which unit is gas price usually measured in?
Answer: B) Gwei.
Question 4: What determines how quickly a transaction gets picked up by validators?
Answer: D) Gas price.
Question 1: What is a honeypot in cryptocurrency?
Answer: A) A smart contract designed to trap users into losing funds.
Question 2: What makes a honeypot token appear attractive to buyers?
Answer: B) Rapid price increase and active marketing.
Question 3: In a typical honeypot scam, what can the victim usually not do?
Answer: D) Sell the token they just bought.
Question 4: Which blockchain platform is most commonly targeted with honeypot tokens?
Answer: D) Binance Smart Chain (BSC).
Question 1: What does “block manipulation” generally refer to in cryptocurrency mining?
Answer: A) Influencing which transactions go into a block.
Question 2: What allows miners to choose which transactions to include in the next block?
Answer: A) Their computational power.
Question 3: Why might miners reorder transactions in a block?
Answer: C) To maximize their own profit.
Question 4: Which term refers to miners intentionally reordering transactions to gain profit from price differences?
Answer: D) MEV (Miner Extractable Value).
Question 1: When you store your crypto on a centralized exchange, who technically controls your private keys?
Answer: C) The exchange.
Question 2: What common phrase summarizes the risk of not controlling your own wallet keys?
Answer: B) “Not your keys, not your coins.”
Question 3: Which major exchange collapse in 2023 highlighted the dangers of leaving funds on centralized platforms?
Answer: D) FTX.
Question 4: Why can withdrawals sometimes be halted on centralized exchanges?
Answer: A) Because the exchange may be facing liquidity issues.
Question 1: What is the main reason Proof of Work (PoW) is considered more reliable than Proof of Stake (PoS)?
Answer: B) It has been tested and proven secure for over a decade.
Question 2: In PoW, what do miners compete to solve in order to add a new block?
Answer: A) Cryptographic puzzles.
Question 3: What is one major concern with Proof of Stake systems?
Answer: D) Risk of centralization by wealthy participants.
Question 4: What percentage of mining power would an attacker need to control to compromise a PoW network?
Answer: A) 50%.
Question 1: Which of the following is the original format of Bitcoin wallet addresses?
Answer: B) P2PKH.
Question 2: What prefix do P2SH (Pay-to-Script-Hash) addresses typically start with?
Answer: C) 3.
Question 3: Bech32 addresses are also known as what type of Bitcoin addresses?
Answer: D) SegWit.
Question 4: Which Bitcoin address type is considered most efficient in terms of block space usage?
Answer: C) Bech32.
Question 5: Which Bitcoin address type is best suited for modern wallet compatibility and lowest fees?
Answer: B) Bech32.
Question 1: What is the primary purpose of cryptocurrency mining?
Answer: A) Verifying and adding transactions to the blockchain.
Question 2: What kind of algorithm is commonly used in Bitcoin mining?
Answer: A) SHA-256.
Question 3: In proof-of-work mining, what do miners compete to solve?
Answer: C) Mathematical puzzles.
Question 4: What is a “block reward” in mining?
Answer: C) Newly minted coins plus transaction fees.
In the site, extra tokens can be earned through random and daily quizzes. As a form of trivia and reward, quizzes involve quite a bit of light-hearted fun in the mining process
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.