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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