Cex Power Tap quiz both answers 15 December 2024
1. What’s a common issue with Ethereum’s transaction fees?
– They can be very high (gas fees)
2. What type of projects benefit most from Polygon?
– Smaller projects looking for low-cost solutions
3. What is the main takeaway about choosing a blockchain?
– It depends on your needs: speed, fees, or use cases
4. What’s a potential drawback of Binance Smart Chain?
– Some projects on it can be less reliable
5. What’s a common criticism of Cardano?
– It can be slow to roll out updates
6. What makes Solana stand out?
– Lightning-fast speeds and low fees
7. What is Polygon’s main role in the blockchain ecosystem?
– It helps scale Ethereum by improving efficiency.
8. How many transactions per second can Solana handle?
– 65,000 transactions per second
9. What is Binance Smart Chain (BSC) known for?
– Being affordable with super low transaction fees.
10. What is Ethereum best known for?
– Versatility and a strong developer community
11. Which blockchain is referred to as “the philosopher”?
– Cardano.
12. What makes Cardano unique among blockchains?
– Its careful, research-based approach.
13. How does blockchain improve supply chains?
– It tracks products from start to finish for full transparency
14. How does blockchain help in real estate?
– It stores property records digitally and securely
15. What does blockchain aim to fix in voting systems?
– It makes elections secure, transparent, and efficient
16. What problem does blockchain solve in healthcare?
– It securely stores and shares patient records
17. What’s one downside of traditional real estate that blockchain solves?
– Complicated and paper-heavy processes
18. How does blockchain help with counterfeit medication?
– It prevents fake drugs from entering the market
19. What’s an example of a product blockchain can track in the supply chain?
– Organic bananas.
20. What’s the key takeaway about blockchain’s real-world use cases?
– Blockchain is solving problems in multiple industries, not just crypto
21. How can blockchain help with counterfeit drugs?
– By tracking medications throughout the supply chain.
22. How does blockchain gaming differ from traditional gaming?
– Players can trade or sell tokenized in-game assets
23. What makes blockchain voting like “online shopping for democracy”?
– Votes go directly to a digital ledger and can be verified
24. What’s a benefit of using blockchain in gaming?
– It allows players to truly own and trade in-game assets
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
1. What’s a common issue with Ethereum’s transaction fees?
– They can be very high (gas fees)
2. What type of projects benefit most from Polygon?
– Smaller projects looking for low-cost solutions
3. What is the main takeaway about choosing a blockchain?
– It depends on your needs: speed, fees, or use cases
4. What’s a potential drawback of Binance Smart Chain?
– Some projects on it can be less reliable
5. What’s a common criticism of Cardano?
– It can be slow to roll out updates
6. What makes Solana stand out?
– Lightning-fast speeds and low fees
7. What is Polygon’s main role in the blockchain ecosystem?
– It helps scale Ethereum by improving efficiency.
8. How many transactions per second can Solana handle?
– 65,000 transactions per second
9. What is Binance Smart Chain (BSC) known for?
– Being affordable with super low transaction fees.
10. What is Ethereum best known for?
– Versatility and a strong developer community
11. Which blockchain is referred to as “the philosopher”?
– Cardano.
12. What makes Cardano unique among blockchains?
– Its careful, research-based approach.
13. How does blockchain improve supply chains?
– It tracks products from start to finish for full transparency
14. How does blockchain help in real estate?
– It stores property records digitally and securely
15. What does blockchain aim to fix in voting systems?
– It makes elections secure, transparent, and efficient
16. What problem does blockchain solve in healthcare?
– It securely stores and shares patient records
17. What’s one downside of traditional real estate that blockchain solves?
– Complicated and paper-heavy processes
18. How does blockchain help with counterfeit medication?
– It prevents fake drugs from entering the market
19. What’s an example of a product blockchain can track in the supply chain?
– Organic bananas.
20. What’s the key takeaway about blockchain’s real-world use cases?
– Blockchain is solving problems in multiple industries, not just crypto
21. How can blockchain help with counterfeit drugs?
– By tracking medications throughout the supply chain.
22. How does blockchain gaming differ from traditional gaming?
– Players can trade or sell tokenized in-game assets
23. What makes blockchain voting like “online shopping for democracy”?
– Votes go directly to a digital ledger and can be verified
24. What’s a benefit of using blockchain in gaming?
– It allows players to truly own and trade in-game assets
Open CEX IO Bot: https://t.me/cexio_tap_bot?start=1726737471260929
#CEXQuiz #CEXIOQuiz
