Cake Defi Ethereum lesson answers: How to earn ETH on Cake Defi

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With Cake Defi’s learn & earn crypto lessons, registered Cake Defi users can earn up to $3.00 in crypto by completing lessons about cryptocurrencies.

The three lessons focus on Bitcoin, Ethereum (ETH) and DeFiChain (DFI).

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This page will take you through Cake Defi’s Ethereum lesson.

Cake Defi Ethereum (ETH) lesson answers

Question 1: Which of the following best describes Ethereum?

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Answer: B: "Ethereum is a decentralized and open-source blockchain with smart contract functionality."

Question 2: Which of the following best describes ETH?

Answer: A: "ETH is the native cryptocurrency of the Ethereum blockchain. It is decentralized, transparent is and is currently ranked 2nd to BTC."

Question 3: What Makes Ethereum Work?

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Answer: C: "Several components come together to make Ethereum function the way it does."

Question 4: What Innovations Are Attributed to Ethereum?

Answer: D: "Many innovations are attributed to Ethereum, which includes the birth of decentralized finance (DeFi), initial coin offerings (ICOs), stablecoins, non-fungible tokens (NFTs) and GameFi."

Question 5: What is the Ethereum Merge?

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Answer: A: "The Merge is mainly the merging of the Ethereum Mainnet with the Beacon Chain proof-of-stake system."

How to sign up to Cake DeFi Ethereum lessons

Participate in Cake Defi's learn & earn scheme by following the steps below:

  1. Register to Cake DeFi
  2. On Cake Defi’s homepage visit the Learn & earn page
  3. Select the Ethereum lesson
  4. Take the lesson by answering the questions listed above to earn $1.00 in crypto

More Cake Defi lessons: Cake Defi DeFiChain Lesson Answers: How To Earn DFI On Cake Defi, Cake Defi Bitcoin lesson answers: How to earn BTC on Cake Defi