SATOSHI KYC ANSWER 👈👇
- Quizzes All Answers
- 1,What Is Smart Contract
- Ans: an Automated agreement written In Code
- 2,How Should a Community uphold Common Interests?
- Ans: Vote Together and Share Decision -Making Power
- 3,What is Defi?
- Ans: Decentralized Finance
- 4,How Should You Protect Your Private Key
- Ans: Store it in a secure place and do not Share With anyone
- 5, Which User Action could Potentially affect the Price of a coin?
- Ans: all of the Above
- More...
- 1.What is Bitcoin mining?
- Ans: Using computer hardware to solve complex problem and earn Bitcoin rewards.
- 2.What is cryptocurrency?
- Ans: digital or virtual currency that’s used cryptography for security and operates independently.
- 3.How does money move in the blockchain?
- Ans: With Digital transaction between nodes.
- 4.What is a smart contract?
- Ans: An automated agreement written in code
- 5.What is NFT?
- Ans: Unique digital assets that can’t be replaced with something else.
- 6.What is Blockchain mining?
- Ans: Using computer hardware to solve complex problems and earn Bitcoin rewards.
- 7.What is Blockchain?
- Ans: All of the above
- 8.Who should contribute to the Blockchain?
- Ans: Everyone can
- And more...
- 1. What is an ICO (Initial Coin Offering)?
- Ans:It is a process of investment through Cryptocurriencies into new Cryptocurrency projects.
- 2. What is a DAO?
- Ans: Decentralized Autonomous Organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.
- 3. Do tokens on a testnet have value?
- Ans: No
- 4. Where does blockchain's security come from?
- Ans: Its immutable and transparent nature.
- 5.What are digital signatures?
- Ans: A way to authenticate and ensure the integrity of digital documents or messages using cryptography.
- 6. What is Gas
- Ans: A mechanism within Ethereum used to calculate the pprices of operations.
- 7. How can you avoid scam links on Twitter?
- Ans: Don't click any links.
- 8. What is Web3?
- Ans : A javascript library used for the developement of decentralized applications.
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