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Binance Quiz L&E Answers π₯
---------- XRPL Token ------
1.) XRPL is decentralized, permissionless, and open-source
π True
2.) What is the native digital asset on the XRP Ledger?
π XRP
3.) On average, how long does a transaction confirmation on the XRP Ledger take?
π 3 to 5 seconds
4.) What is the XRP Ledgerβs validation mechanism?
π Federated Consensus
5.) What can the XRP Ledger be used for today?
π All the correct
6.) What is the average cost of transactions on XRPL?
π Less than 1 cent
7.) Which of the following describes the XRPL?
π All are correct
8.) The XRPLβs built-in DEX is based on an order book model.
π True
9.) The XRP Ledger is useful for developers because.
π They are able to code in Python, Java and JavaScript languages.
---------- XRPL Token ------
1.) XRPL is decentralized, permissionless, and open-source
π True
2.) What is the native digital asset on the XRP Ledger?
π XRP
3.) On average, how long does a transaction confirmation on the XRP Ledger take?
π 3 to 5 seconds
4.) What is the XRP Ledgerβs validation mechanism?
π Federated Consensus
5.) What can the XRP Ledger be used for today?
π All the correct
6.) What is the average cost of transactions on XRPL?
π Less than 1 cent
7.) Which of the following describes the XRPL?
π All are correct
8.) The XRPLβs built-in DEX is based on an order book model.
π True
9.) The XRP Ledger is useful for developers because.
π They are able to code in Python, Java and JavaScript languages.
---------- LSK Token --------
1.) Which popular programming language does Lisk support?
π JavaScript
2.) What consensus mechanism does Lisk currently utilize?
π Delegated Proof of Stake
3.) Which token is used within the Lisk Network as a utility token?
π LSK
4.) What is the current development goal for Lisk?
π To enable interoperability within the Lisk ecosystem
5.) How will blockchain applications operate within the Lisk Ecosystem?
π On separate sidechains
6.) What makes Lisk accessible to Web3 developers?
π All are correct
7.) How can users benefit from Liskβs accessibility?
π All are correct
8.) What can LSK holders do with the token?
π All are correct
1.) Which popular programming language does Lisk support?
π JavaScript
2.) What consensus mechanism does Lisk currently utilize?
π Delegated Proof of Stake
3.) Which token is used within the Lisk Network as a utility token?
π LSK
4.) What is the current development goal for Lisk?
π To enable interoperability within the Lisk ecosystem
5.) How will blockchain applications operate within the Lisk Ecosystem?
π On separate sidechains
6.) What makes Lisk accessible to Web3 developers?
π All are correct
7.) How can users benefit from Liskβs accessibility?
π All are correct
8.) What can LSK holders do with the token?
π All are correct
----------- BTTC Token ------
1.) βLocked stakingβ refers to the process of locking your digital assets on a _ for a certain period of time.
π Proof of Stake blockchain
2.) With Binance Locked Staking, redemption doesnβt require a certain unlocking period. True or false?
π False
3.) What can you NOT do on Binance Earn?
π Conduct leveraged trading to amply the returns
4.) Which of the following is a form of passive income?
π Alice stakes her crypto holdings
5.) What can you do with Binance Earn?
π Select different products to
1.) βLocked stakingβ refers to the process of locking your digital assets on a _ for a certain period of time.
π Proof of Stake blockchain
2.) With Binance Locked Staking, redemption doesnβt require a certain unlocking period. True or false?
π False
3.) What can you NOT do on Binance Earn?
π Conduct leveraged trading to amply the returns
4.) Which of the following is a form of passive income?
π Alice stakes her crypto holdings
5.) What can you do with Binance Earn?
π Select different products to
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--------RPC URL---------
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2. RPC URL 1:
RPC URL 2:
RPC URL 3:
RPC URL 4:
3. ChainID:
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BITCOINF Smart Contract
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--------RPC URL---------
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