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ST (MMCP-Storage) - 2024-05-22T16:06:23.655Z)

Assignment Week 2

What Can Blockchain Do for You

Based on the outcome of a cryptographic guessing game, a lucky miner will win the pot of crypto.

The miners who wins also get the fees that are paid for transactions.

The fastest miner to calculate the block wins its reward

The miner who has been the longest connected and who didn’t win yet gets the reward

Which mechanism is used to reward cryptocurrency "mining"?

Instead of the multiple parties being involved in the traditional way, computer programming is used instead.

It is not regulated, so you can do it yourself.

Although it may be quicker to produce, there may be several subsequent legal delays.

Why does it take so much less time to produce a "tokenized bond" than a typical financial bond?

Company -> bank -> centralized exchange -> DeFi

Company -> DeFi -> centralized exchange -> bank

Company -> centralized exchange -> DeFi -> bank

DeFi -> centralize exchange ->, company -> bank

A company wants to enter decentralized finance.  What is the typical sequence of steps?

How much of the total number of bitcoins that can be created has already been created?

To convert one cryptocurrency into another

To hold the equivalent of a concert ticket

To ask for an administrator role in the system

What are some of the ways you can use  eWallets?

What is one of the things that would help companies enter the crypto space?

Which of the following is the most "liquid" in a financial sense?

What is DEX standing for in the blockchain environment?

They are less volatile than their tied counterpart.

What distinguishes stablecoins tied to money or commodities from their real-world counterparts?

Knowledge quiz