Binance Learn And Earn XRP, LSK, BTTC Quiz Answer
Event Date:- 24 Aug 2022
Event Time:- 02:30pm (IST)
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Binance XRP Quiz Answers :-
Q1. XRPL is decentralized, permissionless, and open-source
Answer:- True
Q2. What is the native digital asset on the XRP Ledger?
Answer:- XRP
Q3. On average, how long does a transaction confirmation on the XRP Ledger take?
Answer:- 3 to 5 seconds
Q4. What is the XRP Ledger’s validation mechanism?
Answer:- Federated Consensus
Q5. What can the XRP Ledger be used for today?
Answer:- All the correct
Q6. What is the average cost of transactions on XRPL?
Answer:- Less than 1 cent
Q7. Which of the following describes the XRPL?
Answer:-All are correct
Q8. The XRPL’s built-in DEX is based on an order book model.
Answer:- True
Q9. The XRP Ledger is useful for developers because.
Answer:- They are able to code in Python, Java and JavaScript languages.
Binance LSK Quiz Answers :-
Q1. Which popular programming language does Lisk support?
Answer:- JavaScript
Q2. What consensus mechanism does Lisk currently utilize?
Answer:- Delegated Proof of Stake
Q3. Which token is used within the Lisk Network as a utility token?
Answer:- LSK
Q4. What is the current development goal for Lisk?
Answer:- To enable interoperability within the Lisk ecosystem
Q5. How will blockchain applications operate within the Lisk Ecosystem?
Answer:- On separate sidechains
Q6. What makes Lisk accessible to Web3 developers?
Answer:- All are correct
Q7. How can users benefit from Lisk’s accessibility?
Answer:- All are correct
Q8. What can LSK holders do with the token?
Answer:- All are correct
Binance BTTC Quiz Answers :-
Q1. “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
Answer:- Proof of Stake blockchain
Q2. With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
Answer:- False
Q3. What can you NOT do on Binance Earn?
Answer:- Conduct leveraged trading to amply the returns
Q4. Which of the following is a form of passive income?
Answer:- Alice stakes her crypto holdings
Q5. What can you do with Binance Earn?
Answer:- Select different products to
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