Vanderbilt Blockchain - Intro to Web3

What is a Decentralized App (DApp)?

An app/site that connects to the blockchain

A blockchain

A DeFi protocol

A smart contract variable

In web3 context, what does ATH stand for?

At The House

All The Highs

All Time High

Available To Hire

How do miners coordinate without a central authority?

Org to Org

DApps

DAOs

Peer to Peer

What was the first blockchain to gain user adoption?

Bitcoin

NEAR

Ethereum

Luna

What is a stablecoin?

Cryptocurrencies that are pegged to the US dollar

A coin to flip NFTs

A DeFi protocol

Cryptocurrencies that bring the strongest ROI

What is gas?

The code for blockchains

A blockchain development environment

The cloud that hosts blockchains

The unit that measures the amount of computational effort required

What is a blockchain?

A virtual reality headset used to replicate the human senses

A new protocol on the internet

A database that has no owner, is distributed, and is immutable

An algorithm to share data

What consensus method is Ethereum updating to?

Proof of History

Proof of Stake

Proof of Work

Proof of Zero Knowledge

Who is the founder of Bitcoin?

Vitalik Buterin

Satoshi Nakamoto

Anatoly Yakovenko

Nick Szabo

What is a seed phrase?

An NFT insider joke

A collection of words that grant access to your wallet

Your wallet's hash

The genesis block's ID

What is an NFT (Non-fungible token)?

An asset

A piece of artwork

An identifier for a token that is one of a kind & its ownership is on chain

A security that is expected to yield returns

How is the market cap calculated?

Amount of engagement the blockchain gets

Number of transactions each blockchain gets

Forecast the expected growth and multiple the current price point

The price per coin multiplied by how many coins are in circulation

What is the cap amount of Bitcoins?

11 million

1 Billion

21 Million

No Cap

What is a protocol?

Scientific theories

Math formulas to solve computation power

A system of rules

Scientific documents for universities

What is a smart contract?

A contract written by technical lawyers

Code that executes autonomously

Bitcoin's mining process

Legal documents the FED gives to blockchain associations

What are gas fees?

Amount a user has to pay miners to get their transaction onto the blockchain

Paying cloud providers for hosting

What shadowy developers use as currency

Satoshi's processing fees

What is a private key?

What gives the digital signature approval

Your seed phrase

The address you give to people

A hardware wallet

What does immutable mean?

Self inflected mutations

Not capable of changing

A web3 protocol

A strong element

What does DeFi stand for?

Defending Finance

Developing Finance

Decentralized Finance

Deglobalized Finance

Which one of these is a wallet provider?

Chase Bank

Gucci

Vanderbilt Blockchain - Intro to Web3

More Surveys