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💥 OpenEX Testnet Quiz Answer 😱


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 uShare With anyone

5, Which User Action could Potentially affect the Price of a coin?
Ans: all of the Above

SET: B

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


SET: C

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 price 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.
Ans: all Answer


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