Academy Knowledge Check - December EOM

Academy Knowledge Check - December EOM

Professional Development

22 Qs

quiz-placeholder

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Academy Knowledge Check - December EOM

Academy Knowledge Check - December EOM

Assessment

Quiz

Other

Professional Development

Practice Problem

Hard

Created by

Hiro Hamada

Used 1+ times

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22 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the main role of a blockchain validator?

To create and process new blocks

To verify and authorize transactions

To maintain network security

To encrypt data on the blockchain

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

How does a validator work?

They execute consensus algorithms

They validate smart contracts on the blockchain

They verify each transaction and maintain the database

They mine new cryptocurrency tokens

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In some blockchains, validators are also known as what?

Network administrators

Minter

Block producers

Miners

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What do validators typically receive in return for their contribution to the network?

Fiat currency

Cryptocurrency coins or tokens

Smart contracts

Transaction fees

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

In a PoS system, where do token rewards come from?

Token minting by the network

Initial coin offerings (ICOs)

Validator endorsements

Transaction or gas fees

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

What kind of webpages were commonplace in Web1?

Interactive and dynamic pages

Pages with embedded videos

Pages with real-time chat features

Read-Only pages

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

In what year was Web1 first used?

2003

1995

1989

2008

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