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).

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?

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:

  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

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