🛑 Binance Study Week | Ethereum Shanghai Upgrade Answers 👇

1 : What is Ethereum?
* : All are correct

2 : What is ETH?
* : ETH is as known as ether
* : ETH is the currency of Ethereum
* : ETH is as known as Ethereum Virtual Machine

3 : When did Ethereum completed its switch to Proof of Stake (PoS)?
* : September 2022

4 : Users could stake 30 ETH to become network validators. True or false?
* : False

5 : Ethereum Shanghai upgrade is known as EIP 4895. True or false?
* : True

6 : What is the benefits for Ethereum change from Proof of Work to Proof of Stake?
* : An average PoS network user can take part in the validation process with just the network’s native token.
* : Quicker transaction times and finalization.
* : Less energy intensive.

7 : What is the system Ethereum used to generate consensus on new blocks of transactions?
* : Proof of Stake (PoS).

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