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1. What is a blockchain?
A distributed database that maintains a continuously growing list of ordered records called blocks

2. What is a hash?
A fixed number of characters produced by an algorithm and used to secure blockchain transactions

3. What is the most accurate description of a block?
A collection of transactions on a chain

4. Which of these statements about PoS is true?
Validators check transactions and add new blocks to the blockchain

5. How does the node infrastructure work?
It allows programs to use information from the blockchains faster

6. What is the main purpose of sharding?
Blockchain scalability

7. What is the purpose of a bridge?
Interoperability among blockchains

8. What is Lightning Network used for?
For blockchain scalability

9. What is a smart contract?
A program that runs on a blockchain when predetermined terms and conditions are met

10. Which language is native for smart contracts development on Solana?
Rust

11. Which tool allows smart contracts to monitor data from the real world?
Oracle

12. Which of these statements about Ethereum and Polygon are true?
Both are EVM compatible

13. What is a DAO?
A smart contract/group of smart contracts describing organizations, their membership system, tokens, NFTs, and wallets governance

14. What’s the idea behind the “code is law” concept?
Code provides the rules for how broader society interacts in cyberspace

15. What is Wrapped Bitcoin (WBTC)?
A token

16. What is a token?
An asset built on an existing blockchain using smart contracts

17. How much do you need to pay for a transaction, assuming that the transaction sent to Ethereum requires 21 000 gas and 1 gas costs 3 Gwei?
0,000063 ETH

18. Which of these is a stablecoin?
DAI

19. Which of these is a centralized token exchange (CEX)?
Kraken

20. Why is the Howey test important for crypto?
It determines whether a cryptocurrency transaction qualifies as an "investment contract" and is therefore subject to U.S. securities laws, meaning it will be highly regulated

21. Who has the keys to a non-custodial wallet?
The users themselves keep both public and private keys

22. What is the safest private key storage?
Hardware wallet

23. What is the main trade-off for having a non-custodial wallet?
It is impossible to recover digital assets if a private key is compromised

24. What problem does Gnosis Safe solve?
Security of digital assets if a private key is lost

25. What wallet address is compatible with Ethereum?
0x

26. What can you not do with an NFT?
Use it as a stablecoin

27. What is an NFT marketplace?
A platform that makes it simple to trade and buy NFTs and see their ownership

28. What is a whitelist?
A list of wallets or contract addresses that will receive digital assets or tokens

29. Which of these is a standard for collections of unique NFTs?
ERC-721

30. Which standard combines the functions of ERC-20 and ERC-721?
ERC-1155

31. What is minting?
The process of creating a new NFT on chain

32. Which of these is not a blockchain?
NanSen

33. Which of these is a real on-chain market indicator?
Coin Days Destroyed

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