🔄 CEXiO Quiz
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Task: "If You Think Crypto Is Just About Getting Rich Watch This"
1. What is decentralization in the context of crypto?
✔️Crypto operates without a central authority, like banks or governments.
2. What's the main idea behind crypto, according to the video?
✔️Crypto is about decentralization, security, and ownership, not just making money.
3. What makes crypto secure?
✔️You control the keys to your wallet, keeping your funds safe.
4. How does crypto help in international transfers?
✔️It avoids high fees and delays by bypassing traditional banks.
5. What do smart contracts eliminate in transactions?
✔️Middlemen like lawyers and notaries.
6. What is a smart contract?
✔️A self-executing agreement on the blockchain that runs automatically.
7. Why is crypto useful in countries with inflation?
✔️Crypto offers a stable alternative to volatile local currencies.
8. What is one of the key benefits of owning crypto?
✔️You own your assets directly, not through a bank or institution.
9. What is the main value of NFTs according to the video?
✔️NFTs represent true ownership, like property or event tickets.
10. What does crypto give you more control over?
✔️Your assets, as you hold the keys to your wallet.
11. How does crypto help with cross-border transactions?
✔️Crypto allows peer-to-peer transactions with no middleman.
12. What is the overall takeaway from the video?
✔️Crypto is more than just a way to get rich — it's about new possibilities in finance.
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