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Web3 Foundations Course Final Exam

November 6, 2022

Web3 Foundations Course Final Exam

Questions: 20
Duration: 45-minutes
- The timer begins upon clicking START
- At 45 minutes, your exam will time out, and your answers will be submitted
- Any unanswered questions will be marked incorrect.
70% or greater to earn the microcredential
- 3 Exam AttemptsCredential Achieved – BCA Web3 Foundations Microcredential

What happens next?

Certificate of Completion

Upon passing the Web3 Foundations course final exam, you reach the course completion page, were you can download your Certificate of Completion reflecting your name and date of completion.

Eligible to sit for the BCA Web3 Foundations Microcredential Exam.

The course, quizzes, and final exam have prepared you to take the BCA Web3 Foundations Microcredential Exam by the Blockchain Certification Association (BCA).
Earn the NFT Digital Badge Credential below and share your achievement with colleagues, employers, partners, or investors.

Credentialing Body: Blockchain Certification Association (BCA)

Time limit: 0

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Question 1 of 18

1. Question
Which one of the following terms is NOT a new term associated with Web3:
- DeFi
- AOL
- DEX
- Fungible
Correct

Incorrect
Question 2 of 18

2. Question
Choose the answer that best completes the sentence: Web3 can give everyone _____ over what was once viewed as ______.
- ownership – worthless assets
- ownership – valuable assets
- worthless assets – ownership
- valuable assets – ownership
Correct

Incorrect
Question 3 of 18

3. Question
Choose the option with the most correct answer:
- Web1 is where we started to Write, while Web2 is where we started to Read.
- Web1 is where we started to Read, while Web2 is where we started to Write.
- Web1 is where we started to Write, while Web2 is where we started to Trust.
- Web1 is where we started to Read, while Web2 is where we started to Trust.
Correct

Incorrect
Question 4 of 18

4. Question
Choose the answer that best completes the sentence: Web3 can be viewed as the _____ Economy.
- Information
- Platform
- Crypto
- Ownership
Correct

Incorrect
Question 5 of 18

5. Question
Which of the following can be considered a progenitor of the Metaverse?
- Simcity
- Fortnite
- Second Life
- Minecraft
Correct

Incorrect
Question 6 of 18

6. Question
What was the most mainstream metaverse experience of the mid-2010’s?
- Second Life
- World of Warcraft
- Pokemon Go
- Simcity 4
Correct

Incorrect
Question 7 of 18

7. Question
What is currently the most popular metaverse experience today? (early 2020s)
- Pokemon Go
- Second Life
- Minecraft
- Fortnite
Correct

Incorrect
Question 8 of 18

8. Question
Bitcoin owes its success to:
- Blockchain
- Crypto
- Web3
- Metaverse
Correct

Incorrect
Question 9 of 18

9. Question
Blockchain is a:
- Global P2P digital system that ensures the integrity of transactions between two parties
- Digital ledger that is cryptographically secure
- Distributed ledger that is spread over the entire network
- All of the above
Correct

Incorrect
Question 10 of 18

10. Question
Why do we need blockchain?
- To establish trust between ourselves, middlemen, and the government.
- To centralize control systems to decrease the chances of errors.
- To include middle-men into the system and add cost redundancies.
- To establish trust by decentralizing control systems and removing middle-men and costs.
Correct

Incorrect
Question 11 of 18

11. Question
In which year did Satoshi Nakamoto publish his now-famous white-paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System”?
- 1991
- 2001
- 2008
- 2018
Correct

Incorrect
Question 12 of 18

12. Question
Bitcoin uses the _____ consensus mechanism.
- Proof of Work
- Proof of Stake
- Delegated Proof of Stake
- Proof of Authority
Correct

Incorrect
Question 13 of 18

13. Question
What is a Smart Contract?
- A set of promises agreed to in a meeting of the minds in the traditional way of formalizing a relationship
- A set of promises, specified in digital form, including protocols within which the parties perform on the other’s promises.
- A set of promises, agreed to in protocols, including specified minds within which the promises are performed to each party.
- A traditional formal relationship, within a set of promises, including digitally specified protocols performed in a meeting of the minds.
Correct

Incorrect
Question 14 of 18

14. Question
Which one of the following is NOT one of the 3 Pillars of Blockchain
- Decentralization
- Transparency
- Immutability
- Sustainability
Correct

Incorrect
Question 15 of 18

15. Question
Which one of the following is NOT an activity of DeFi?
- Yield Farming
- Liquidity Mining
- Airdrops
- Liquidity Drops
Correct

Incorrect
Question 16 of 18

16. Question
Which one of the following is an advantage of Web3?
- Data Intermediaries
- Data Ownership
- Less Transparency
- Interrupted Services
Correct

Incorrect
Question 17 of 18

17. Question
Which one of the following is NOT a disadvantage of Web3?
- It may be difficult to regulate
- It may not be difficult to regulate
- It may grant easy access to user’s personal data
- It may not be easy for existing websites to upgrade
Correct

Incorrect
Question 18 of 18

18. Question
What is one of the biggest challenges of Web3?
- Space for Data-centers
- Power Consumption
- Speed or Throughput
- Decentralization
Correct

Incorrect

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