Can You Predict Future With Blockchain? | Blockchain Central

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is considered the new gold in today's world?
Real Estate
Gold
Information
Oil
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who made the observation that led to the concept of the 'wisdom of the crowd'?
Sir Francis Galton
Charles Darwin
Isaac Newton
Albert Einstein
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In a prediction market, what happens if the price of two tickets does not add up to $1?
The market collapses
The event is canceled
Arbitrage is performed
The tickets are invalid
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary function of prediction markets?
To predict weather patterns
To estimate future events
To trade stocks
To mine cryptocurrencies
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main advantage of blockchain in prediction markets?
Increased transaction fees
Limited access
Centralized control
Enhanced security and transparency
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which two projects are examples of blockchain-based prediction markets?
Bitcoin and Ethereum
Augur and Gnosis
Ripple and Litecoin
Cardano and Polkadot
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are prediction markets implemented on the Ethereum blockchain?
Using ERC-20 tokens
With physical tokens
Via centralized databases
Through Bitcoin mining
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