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Web3 Foundations Quiz 2 (Module 3)

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Web3 Foundations Quiz 2 (Module 3)

November 9, 2022

Quiz covering topics within Module 3.

Questions: 5
70% to pass
- Unlimited Attempts

Time limit: 0

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Question 1 of 5

1. Question
Choose the option with the most correct answer:
- Bitcoin can exist without Blockchain.
- Bitcoin cannot exist without Blockchain.
- Blockchain cannot exist without Bitcoin.
- None of the above are correct.
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Question 2 of 5

2. Question
Bitcoin owes its success to:
- Blockchain
- Crypto
- Web3
- Metaverse
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Question 3 of 5

3. 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.
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Question 4 of 5

4. Question
What is the order of the 5-Steps of Block Creation?
- Initiate, Broadcast, Validate, Create, Confirm
- Validate, Create, Confirm, Broadcast, Initiate
- Confirm, Create, Validate, Broadcast, Initiate
- Create, Broadcast, Confirm, Initiate, Validate
Correct

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Question 5 of 5

5. Question
Which of the following is NOT true about Smart Contracts?
- Escrow may not be necessary
- Lawyers may not be necessary
- Physical presence is not necessary
- They can take 1-3 days to create
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