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Blockchain Technology, DeFi and Celo

Quiz by HaloFi

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11 questions
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  • Q1

    Which of the following is NOT a popular stable token?

    CUSD

    USDC

    BTC

    USDT

    30s
  • Q2

    What does DeFi stand for?

    Decentralized Finance

    Financial dApps and payments

    Distributed Encryption Framework

    30s
  • Q3

    What is Celo and how does it contribute to financial inclusion?

    Financial dApps and payments

    Celo is a social media platform.

    Celo is a video streaming service.

    .Celo is a blockchain platform that focuses on providing financial services to the unbanked. 

    30s
  • Q4

    What is the primary use case of Celo’s platform?

     Gaming development

    Video streaming

    Financial dApps and payments

    30s
  • Q5

    What does EVM-compatible mean for Celo?

    It is incompatible with Ethereum

    It supports Ethereum Virtual Machine

     It only works with Bitcoin

    30s
  • Q6

    What is the environmental goal of Celo?

    It only works with Bitcoin

    It is a mobile application

    Carbon-negative

    30s
  • Q7

    What does the term 'self-custody' in DeFi mean?

    Government regulation of assets

    Centralized control over assets

    Users having control over their assets

    30s
  • Q8

    What type of blockchain is Celo?

    Hybrid

    Proof-of- stake

    Proof-of-Work

    30s
  • Q9

    What is unique about Celo's transaction fees?

    They are paid in local stable assets

    They are always free

    They are paid in USD

    30s
  • Q10

    How fast is Celo's transaction finality?

    1 minute

    30 seconds

    5 seconds

    30s
  • Q11

    What is Celo optimized for?

    Large data storage

    Gaming applications

    Desktop applications

    Mobile-first platform

    30s

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