This page will take you through Cake Defi’s Ethereum lesson.
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Cake Defi Ethereum (ETH) lesson answers
Question 1: Which of the following best describes Ethereum?
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?
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?
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:
- Register to Cake DeFi
- On Cake Defi’s homepage visit the Learn & earn page
- Select the Ethereum lesson
- Take the lesson by answering the questions listed above to earn $1.00 in crypto