Blockchain Technology, DeFi and Celo
Quiz by HaloFi
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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