Blockchain and Crypto Real World Summative

Front

What is one major ethical concern about using cryptocurrencies in developing countries?

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Environmental impact of mining

Front

Cryptocurrencies could help improve financial inclusion in developing countries by: Eliminating central banks, Providing decentralized financial services, Supporting the devaluation of local currencies, Increasing transaction fees

Back

Providing decentralized financial services

Front

Which of the following is a barrier to cryptocurrency adoption in third-world countries? Overregulation, Widespread internet availability, Lack of digital literacy, Centralized blockchain systems

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Lack of digital literacy

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A potential ethical benefit of cryptocurrencies in impoverished regions is:

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Reducing corruption through transparency

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What can governments in third-world countries do to ensure ethical cryptocurrency use? Options: Ban cryptocurrency transactions, Create public awareness campaigns, Develop their own mining operations

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Create public awareness campaigns

Front

How have NFTs influenced gaming economies?

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By enabling players to own unique digital assets

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One concern regarding NFTs in gaming is: Reduced game performance, Environmental impact due to blockchain usage, Lower creativity in game design, Monopoly by gaming studios

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Environmental impact due to blockchain usage

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In-game cryptocurrencies allow gamers to:

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Earn real-world money from their gameplay

Front

The introduction of blockchain in gaming could result in: Decline in multiplayer features, Increased transparency in virtual economies, Reduced internet bandwidth, Lack of cross-platform support

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Increased transparency in virtual economies

Front

What is a downside of implementing in-game cryptocurrencies?

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Creating pay-to-win mechanics