Cosmos Blockchain Quiz

What is the primary goal of the Cosmos blockchain project?

• To centralize blockchain networks

• To connect different blockchains for interoperability

• To replace the internet

• To create a new cryptocurrency

What is the main idea behind Cosmos?

• Scalability

• Security

• Decentralization

• Interoperability

What does the Cosmos Hub facilitate?

• Centralized data storage

• Mining of cryptocurrencies

• Transfer of tokens across various chains

• Creation of new blockchains

What is a major vulnerability in blockchain communication that Cosmos aims to address?

• Smart contract execution

• Blockchain bridges

• Token creation

• Data privacy

What protocol does Cosmos use for inter-blockchain communication?

• IBC

• SMTP

• TCP/IP

• HTTP

What is the purpose of the IBC protocol in Cosmos?

• To store data securely

• To mine cryptocurrencies

• To enable seamless transfer of tokens between zones

• To create new tokens

How does Cosmos differ from Polkadot in terms of governance?

• Cosmos requires more buy-in to their governance structure

• Polkadot allows more independence for creators

• Cosmos emphasizes independence and connectivity

• Polkadot does not support interoperability

What is a key feature of Polkadot's network?

• Limited scalability

• Security features built into any blockchain created on the network

• High transaction fees

• Decentralized exchanges

What is the current inflation rate of Cosmos?

• 5%

• 25%

• 10%

• 17%

Why is it important to stake Cosmos tokens?

• To avoid inflation

• To gain voting power

• To increase transaction speed

• To mine new tokens