Technical Nir Pro 🔥🔥🔥

Superdao launched its own Web3 knowledge T3ST

Everyone can take it to put their Web3 skills to the test & get a free NFT as proof of proficiency

➖Submit Here: https://test.superdao.co/t3st
➖Enter Your Email & Address
➖Done

❗️ Answer:
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?
➖0xc098b2a3aa256d2140208c3de6543aaef5cd3a94

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

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