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Talentre Web3 Basics Test Answer

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Talentre Web3 Basics Test Answer :

  1. Which of these is a method Ethereum adopted to control its supply?
    C. Burning

  2. You can build your decentralized application (dAPP) on the Bitcoin blockchain.
    B. False

  3. You can share your public keys with others to make transactions.
    A. True

  4. Storing your money in a centralized exchange is safe from risk since it's like a bank in the crypto world.
    B. False

  5. Once a transaction is broadcasted on a blockchain, no one can tamper it.
    A. True

  6. What is not recorded in a Bitcoin block:
    B. Private key

  7. If the private key of one of your accounts is leaked, others have access to all your accounts.
    B. False

  8. If your public key is leaked to others, they can get access to your account.
    B. False

  9. Which of the following is not a consensus mechanism on a blockchain?
    B. Proof of Identity

  10. With Eth2.0, the consensus mechanism of Ethereum has been changed to?
    C. Proof of Stake

  11. Bitcoin is pre-mined by developers.
    B. False

  12. When you connect to a website, it could sign a transaction for you in secret.
    A. True

  13. Select the correct pair.

a. WEB1.0 b. WEB2.0 c. WEB3.0

i. Metaverse ii. twitter iii. Static page iv. Blogging v. Blockchain vi. HTML

**C. a - iii, vi | b - ii, iv | c - i, v

**14. If you want to have full control over your holdings, a custodial wallet is the best option.
B. False

15. What is an incentive for the miners to record transactions on the Bitcoin network? A. Transaction fee

16.The method that is used to ensure that everyone can verify your transaction while only you can sign your transaction is?
C. Hash function

17.You can create content on a WEB1.0 platform.
B. False

18.If you believe the price of BTC will drop, you can:
C. Open a short position

19.Gas is utilised not just to pay for computation steps but also for storage utilisation, which is proportional to the smallest multiple of 32 bytes used.
B. False

20.Gas limit is the _____ of the gas in a transaction.
C. Maximum amount

21.What is the role of gas fees?
D. All of the above

22.Select the correct statement regarding Ethereum 'block difficulty'.
C. The protocol can modify the length of time it takes to validate a block by modifying the difficulty of a block.

23.With different types of accounts on Ethereum: EOAs and contracts, multisig and social recovery policies are tough to implement but can be mitigated by layer2 solutions.
B. False

24.Select the incorrect statement regarding the types of accounts present on Ethereum.
B. Both externally owned accounts and contract accounts can’t initiate new transactions on their own.

25.Which of the following statements is incorrect regarding the post-merge phase - 'the verge'?
B. It makes it difficult for any user to become a validator.

26.How do the miners decide which transaction to record?
A. Depends on who pays the highest transaction fees

27.The consensus mechanism Bitcoin uses is
A. Proof of Work

28.If you want to manage the cryptocurrency holding with a friend together, each transaction needs the consent of both of you. You can use a ______ :
D. Multisig wallet

29.Ethereum was founded with the sole purpose of mitigating the increasing transaction fee of Bitcoin.
B. False

30.Staking your token to earn a return is riskless as it is always secure in the vault and with the project.
B. False

31.Why is digital signature important?
D. All of the above.

32.There could be more than one fork on a blockchain network.
A. True

33.Ethereum's method of suddenly raising mining difficulty to deter miners from continuing to use proof-of-work after the transition is called:
B. Difficulty bomb

34.Connecting to a DApp allows it to view your wallet balance.
B. False

35.Investment in cryptocurrency cannot guarantee:
B. Stable and promising return

36.Without having to download everything, Data Availability Sampling (DAS) enables nodes (even light clients) to quickly and securely confirm that everything was made available.
B. False

37.An advantage of a custodial wallet is?
A. Customer support