Crypto Corner - Quiz Time #8!

Competitions
#1

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Hi All,

As you know I’m always lurking ready to test your Crypto knowledge. This time we have three questions where you only need to get two of these correct to have a chance to enter the $50.00 draw. Good luck to all, this post will be closed at 8p EST.

1) Ethereum gas prices frequently rise when

  • the price of Ethereum rises.
  • the network is slow.
  • the network is busy
  • all of the above.

0 voters

2) Ethereum is a decentralized program.

  • True
  • False

0 voters

3)What distinguishes a cryptocurrency coin from a token?

  • Tokens can only be used at video game arcades, but coins can be used to pay for products and services anywhere.
  • Tokens are based on another blockchain, while coins are local to their own.
  • You are permitted to possess an infinite number of coins, but only one token.
  • None of the above

0 voters

4 Likes
#2

lets go competitions are fun

1 Like
#3

Thank you for the opportunity.

4 Likes
#4

Appreciate the opportunity!

1 Like
#5

I feel like the first question has multiple answer but still isn’t all of the above lol

1 Like
#6

Thank you, hope I got ‘em right!:crossed_fingers:t2:

1 Like
#7

At least we only need 2 correct lol.

2 Likes
#8

2/3 minimum is much better than 3/3 :wink: thank you Mikey

2 Likes
#9

Thanks for the opportunity!

1 Like
#10

This topic was automatically closed after 49 minutes. New replies are no longer allowed.

#11

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Answers:

  1. the network is busy

  2. False - Ethereum is a platform that hosts decentralized applications (dApps). Some examples of dApps that operate on top of the Ethereum platform include Uniswap, Decentraland, Axie Infinity and Aave.

  3. Tokens are based on another blockchain, while coins are local to their own.