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Web3 Foundations Quiz 2 (Module 3)

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Web3 Foundations Quiz 2 (Module 3)

November 9, 2022

Quiz covering topics within Module 3.

Questions: 5
70% to pass
- Unlimited Attempts

Time limit: 0

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Question 1 of 5

1. Question

Choose the option with the most correct answer:

Bitcoin can exist without Blockchain.
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Bitcoin cannot exist without Blockchain.
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Blockchain cannot exist without Bitcoin.
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None of the above are correct.
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Question 2 of 5

2. Question

Bitcoin owes its success to:

Blockchain
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Crypto
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Web3
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Metaverse
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Question 3 of 5

3. Question

Why do we need blockchain?

To establish trust between ourselves, middlemen, and the government.
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To centralize control systems to decrease the chances of errors.
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To include middle-men into the system and add cost redundancies.
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To establish trust by decentralizing control systems and removing middle-men and costs.
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Question 4 of 5

4. Question

What is the order of the 5-Steps of Block Creation?

Initiate, Broadcast, Validate, Create, Confirm
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Validate, Create, Confirm, Broadcast, Initiate
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Confirm, Create, Validate, Broadcast, Initiate
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Create, Broadcast, Confirm, Initiate, Validate
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Question 5 of 5

5. Question

Which of the following is NOT true about Smart Contracts?

Escrow may not be necessary
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Lawyers may not be necessary
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Physical presence is not necessary
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They can take 1-3 days to create
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