BITDEGREE Answer Mission 3 - WEB3 EXAM: EVANGELIST

 CHAPTER 1

WHAT IS THE ETH ENGINE THAT MANAGES THE NETWORK STATE & ENABLES SMART CONTRACTS?
➤Evm

WHICH OF THE FOLLOWING ARE PRIMARILY ASSOCIATED WITH LAYER-2 SCALING? PICK'EM ALL!
➤Sidechains, 
➤State Channels, 
➤Off-Chain Computing

WHAT'S PROOF-OF-WORK'S MAIN ROLE IN BLOCKCHAIN SECURITY AND INTEGRITY?
➤Enabling decentralized consensus

RANK CONSENSUS MECHANISMS BASED ON ENERGY EFFICIENCY, FROM THE MOST (TOP) TO THE LEAST (BOTTOM) EFFICIENT.
➤Proof-of-Stake, 
➤Delegated Proof-of-Stake, 
➤Proof of Elapsed Time, 
➤Proof-of-Work

WHAT CONSENSUS MECHANISM BEST REDUCES MEV?
➤Verifiable Delay Functions in PoS

WHAT IS THE CRYPTOGRAPHIC ALGORITHM USED TO GENERATE BITCOIN ADDRESSES? WRITE IT WITH A DASH.
➤Sha-256

RANK THESE DLTS BASED ON THEIR ABILITY TO HANDLE MICROTRANSACTIONS, FROM THE MOST (TOP) TO THE LEAST (BOTTOM) SUITABLE.
➤Tangle, 
➤Hashgraph, 
➤Directed Acyclic Graph (DAG), 
➤Blockchain

WHICH CONSENSUS MECHANISM PROVIDES THE BEST PROTECTION AGAINST A 51% ATTACK?
➤Proof-of-Authority

WHICH ARE THE CRYPTOGRAPHIC PRINCIPLES UNDERLYING BLOCKCHAIN TECH? PICK'EM ALL!
➤Digital Signatures, 
➤Zero-Knowledge Proofs, 
➤Secure Multi-Party Computation

WHAT PROTOCOL IS CRUCIAL FOR CROSS-CHAIN COMMUNICATION & BLOCKCHAIN INTEROPERABILITY?
➤Cosmos’s IBC

 CHAPTER 2

➤Claim faucet

 CHAPTER 3

➤Swapping token

 CHAPTER 4

IN NFT MARKETPLACES, WHAT MECHANISM IS USED TO AUTOMATICALLY ADJUST PRICES BASED ON SUPPLY & DEMAND?
➤Bonding Curve

WHICH TYPES OF NFTS ARE CURRENTLY POSSIBLE WITH EXISTING TECHNOLOGY? PICK'EM ALL!
➤Dynamic, 
➤Soulbound, 
➤Geolocated, 
➤Interactive

WHICH DEFI PROTOCOL INTRODUCED THE CONCEPT OF 'FLASH LOANS'?
➤Aave

WHICH RESTAKING METHOD IS MOST EFFECTIVE FOR ASSET LIQUIDITY & COMPOUNDED YIELD GROWTH?
➤Dynamic staking with rebalancing

WHICH WEB3 PLATFORM ALLOWS USERS TO USE THEIR DOMAIN NAMES AS UNIVERSAL LOGINS?
➤Unstapable domain

WHICH PLATFORM ALLOWS TRADING OF VIRTUAL PROPERTIES LINKED TO REAL-WORLD LOCATIONS?
➤Upland

WHICH WEB3 DOMAIN NAME REGISTRAR FEATURES A SUBSCRIPTION SERVICE MODEL?
➤Ethereum Name Service (ENS)

WHICH FEATURES ARE CRITICAL FOR A GAME TO BE CONSIDERED PART OF GAMEFI? PICK'EM ALL!
➤Play-to-Earn, 
➤NFT Integration

WHAT TOOLS ARE KEY FOR DAO GOVERNANCE AND COMMUNITY DECISION-MAKING? PICK'EM ALL!
➤Snapshot, 
➤Aragon, 
➤DAOstack, 
➤Compound Governance

WHICH GOVERNANCE MODELS ARE COMMONLY USED IN DAOS? PICK'EM ALL!
➤Token-weighted voting, 
➤Quadratic voting, 
➤Meritocratic governance

 CHAPTER 5

➤Follow Twitter

 CHAPTER 6

WHICH PROVIDES A DECENTRALIZED PROTOCOL FOR QUERYING & INDEXING BLOCKCHAIN DATA?
➤The Graph

WHAT IS THE MAIN ADVANTAGE OF USING ZK-SNARKS IN BLOCKCHAIN PRIVACY SOLUTIONS?
➤Proving without revealing data

HOW DOES THE EVM ISOLATE SMART CONTRACTS FROM EACH OTHER?
➤Sandboxing execution environments

WHICH OF THE FOLLOWING STATEMENTS ARE TRUE ABOUT SOLIDITY? PICK'EM ALL!
➤Statically-Typed, 
➤Supports Multiple Inheritance, 
➤Limited String Manipulation

WHICH OF THESE ARE CONCEPTS RELATED TO WEB3? PICK'EM ALL!
➤NFTs, 
➤Cloud computing, 
➤Smart contracts

WHICH OF THESE IS A WEB3 INFRASTRUCTURE-ORIENTED PLATFORM?
➤Wormhole

WHAT DOES CHAINLINK NOT PRIMARILY ADDRESS? PICK'EM ALL!
➤Decentralized file storage, 
➤Smart contract optimization, 
➤Multi-chain deployments

FILL IN THE MISSING WORD: "THE MOST POPULAR BLOCKCHAIN WRITTEN IN C++ IS ... ."
➤Bitcoin

WHAT ARE TOP THREE SOLIDITY PRACTICES FOR COMPLEX CONTRACTS? PICK'EM ALL!
➤Checks-Effects-Interactions pattern, 
➤Circuit Breakers, 
➤Regular audits

WHICH CRYPTOGRAPHIC HASH FUNCTION DOES ETHEREUM PRIMARILY USE?
➤Keccak-256

HOW DOES THE LIGHTNING NETWORK CONTRIBUTE TO BITCOIN SCALING?
➤Via a Layer-2 protocol

 CHAPTER 7

➤Add liquidity 

 CHAPTER 8

➤Stake 

 CHAPTER 9

WHICH CONCEPT CONTRADICTS WEB3 STARTUP PRINCIPLES?
➤Custodial

POST-IDO, WHICH MARKET MAKING ACTIONS ARE ILLEGAL? PICK'EM ALL!
➤Matched trading, 
➤Volume self-dealing

WHAT IS THE MOST COMMONLY-PROPOSED FORM OF GOVERNANCE FOR WEB3 STARTUPS?
➤Token-based voting

WHAT IS THE KEY REASON INVESTORS MIGHT CHOOSE TO INVEST IN TOKENS RATHER THAN COMPANY EQUITY?
➤Faster liquidity potential

WHICH STRATEGY CAN MITIGATE INFLATION IN A UTILITY TOKEN MODEL?
➤Transaction fee destruction

WHICH JURISDICTIONS ARE GENERALLY FAVORABLE TO WEB3 COMPANIES? PICK'EM ALL!
➤Switzerland, 
➤Singapore, 
➤Dubai

WHICH OF THESE VCS PRIMARILY FOCUS ON WEB3 INVESTMENTS? PICK'EM ALL!
➤a16z crypto, 
➤Founderheads, 
➤Pantera Capital

WHY DO BLOCKCHAINS OFFER SIZEABLE GRANTS PROGRAMS FOR BUILDERS?
➤Foster ecosystem development

SORT THESE STEPS IN THE ORDER THEY ARE TYPICALLY TAKEN WHEN STARTING A WEB3 COMPANY (TOP - FIRST, BOTTOM - LAST).
➤Developing a whitepaper, 
➤Securing seed funding, 
➤Building a community, 
➤Product prototype

WHICH STARTUP ACCELERATORS FOCUS ON WEB3 AND BLOCKCHAIN-ORIENTED STARTUPS? PICK'EM ALL!
➤Alliance.xyz, 
➤Outlier Ventures

 CHAPTER 10

➤Share Twitter

 CHAPTER 11

➤Unstake & withdraw all of your tokens!

 CHAPTER 12

AT WHICH HISTORIC CONFERENCE DID VITALIK BUTERIN FIRST PUBLICLY INTRODUCE THE CONCEPT OF ETHEREUM?
➤Bitcoin 2013

IDENTIFY THE CRYPTOCURRENCIES THAT EXPERIENCED A "HARD FORK". PICK'EM ALL!
➤Bitcoin, 
➤Ethereum

WHICH DEFI PROTOCOL WAS THE FIRST TO SURPASS $1 BILLION TVL? WRITE IT AS ONE WORD.
➤Makerdao

SORT THE WEB3 TECHNOLOGIES IN THE ORDER THEY WERE INTRODUCED (TOP - OLDEST, BOTTOM - NEWEST).
➤DAOs, 
➤ETH Smart Contracts, 
➤NFTs, Layer-2 scaling

WHICH BITCOIN VERSION DOES CRAIG WRIGHT SUPPORT, ASSERTING IT AS THE "TRUE VISION"?
➤Bitcoin SV (BSV)

AMONG THE ETH FOUNDERS, WHO DID NOT DIRECTLY CONTRIBUTE TO THE DEVELOPMENT OF A CRYPTO WALLET?
➤Vitalic Buterin

WHAT TECHNOLOGY DID DR. ADAM BACK PROPOSE IN 2002, WHICH LATER INFLUENCED BITCOIN'S DEVELOPMENT?
➤Hashcash

WHAT IS THE LAST NAME OF THE ANONYMOUS CREATOR OF BITCOIN'S PREDECESSOR, BIT GOLD?
➤Szabo

WHICH CRYPTO EXCHANGE'S FOUNDER FAMOUSLY VANISHED WITH MILLIONS, LEADING TO THE TERM "EXIT SCAM"?
➤QuadrigaCX

WHICH CRYPTO PERSONALITY FAMOUSLY DECLARED HAVING "DIAMOND HANDS" AMIDST MARKET VOLATILITY?
➤Michael Saylor

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