🔄 CEXiO Quiz
Login to the project: /StartGame
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Quiz 1 Title: What's the Difference Between a Coin and a Token?
1. What are coins in the crypto world primarily used for?
🟢 Digital currency and long-term value storage.
2. What is the main difference between a coin and a token?
🟢 Coins have their own blockchain; tokens live on someone else’s blockchain.
3. What type of projects or assets can tokens represent?
🟢 They can represent assets, give voting rights, or even represent NFTs.
4. What blockchain is most commonly used by tokens?
🟢 Ethereum.
5. What is the best way to think about coins in the crypto world?
🟢 Like solid real estate.
6. What does the script compare tokens to in the real world?
🟢 Flashy startups.
7. How can understanding the difference between a coin and a token help you?
🟢 It helps you navigate the crypto space more effectively.
8. What is the benefit of understanding whether you’re dealing with a coin or a token?
🟢 It helps you make smarter investment choices
9. What is one risk of investing in tokens mentioned in the script?
🟢 Their value can fluctuate based on the platform they are built on.
10. What is a key feature of tokens?
🟢 They can serve specific functions within platforms or networks
11. Why can tokens be riskier than coins?
🟢 Their value can be tied to the success of the platform they're built on.
12. Which of the following is an example of a coin?
🟢 Bitcoin
Quiz 2 Title: How Crypto Actually Moves Between Wallets
1. What is the private key in a crypto wallet?
🟢 Your secret password
2. What does the public key represent in the crypto world?
🟢 Like your email address for receiving crypto
3. What is required to move crypto from one wallet to another?
🟢 Private key, public key, and an internet connection
4. Once the transaction is sent, can it be easily reversed?
🟢 No, it's hard to stop or change
5. How long does it usually take for Ethereum transactions to confirm?
🟢 A few minutes
6. What do miners do during a crypto transaction?
🟢 Solve cryptographic puzzles to confirm the transaction
7. What makes the blockchain decentralized?
🟢 Thousands of people holding copies of your transaction
8. What does the recipient need to do to unlock the crypto in their wallet?
🟢 M Use their private key
9. Who validates the transaction on the blockchain?
🟢 Miners
10. What does the blockchain ensure when confirming a crypto transaction?
🟢 It verifies the transaction and makes sure it's legitimate
11. If the network is busy, how long might a Bitcoin transaction take?
🟢 it could take longer
12. What happens after you hit "Send" on your crypto wallet app?
🟢 The transaction is broadcasted to the blockchain.
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