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💰 OpenEx Testnet Mission Question And Answer 💰

SET:A

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 Share 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 pprices 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.

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