Ethereum Quiz

What is the primary purpose of Ethereum's P2P Network?

• Execute smart contracts

• Synchronize state changes

• Facilitate communication between clients

• Manage consensus rules

As of September 2022, what consensus algorithm does Ethereum use?

• Proof-of-work

• Proof-of-stake

• Proof-of-authority

• Proof-of-concept

What does Turing completeness imply about Ethereum's programming language?

• Limited functionality

• Specialized for cryptocurrencies

• As powerful as any general-purpose computer

• Restricted to financial applications

How does Ethereum manage resources in smart contract execution?

• Gas metering mechanism

• Memory allocation

• Proof-of-work calculations

• Turing completeness

What is the primary role of Externally Owned Accounts (EOAs) in Ethereum?

• Execute smart contracts

• Control consensus rules

• Manage funds and contracts

• Operate the Ethereum Virtual Machine

Which Ethereum account type operates based on logic in its code rather than a private key?

• Externally Owned Accounts (EOAs)

• Contract Accounts

• Consensus Accounts

• Turing Complete Accounts

What do Ethereum transactions originate from, causing the EVM to evaluate contracts and modify the blockchain state?

• External databases

• Consensus nodes

• Externally Owned Accounts (EOAs)

• Gas calculations

What does the term 'Trustless' mean in the context of smart contracts?

• Without trust in blockchain technology

• Trust in the intermediary

• Trust in third-party verification

• Code ensures contract execution without the need for an intermediary

Which function do Oracles serve in Ethereum?

• Execute smart contracts

• Provide external data to smart contracts

• Synchronize state changes

• Manage consensus rules

What is a key characteristic of Tokens in the context of Ethereum?

• Non-fungible when interchangeable

• Represent only currency

• Administered as off-chain abstractions

• Represent assets, currency, or access rights