Revolut Quiz Answers

What Are Revolut Quizzes?

Revolut quizzes are part of the Learn & Earn program offered by Revolut. The concept is designed to motivate new users to gain knowledge about digital assets by rewarding them with tokens. By answering all questions correctly, users can receive free tokens of various cryptocurrencies.

This educational approach helps users understand blockchain technology and cryptocurrency fundamentals while earning rewards. The quizzes cover a wide range of topics, from basic cryptocurrency concepts to specific blockchain projects like Polkadot, Avalanche, and Algorand.

Cryptocurrency Basics – Revolut Quiz Answers

Lesson 1 – Cryptocurrencies vs. FIAT Currencies

• What are FIAT currencies? → Money issued by the state
• What is the biggest difference between FIAT currencies and cryptocurrencies? → Cryptocurrencies are decentralized, while FIAT currencies are controlled by central authorities
• Who approves transactions on the blockchain? → Special users called "miners" or "validators"

Lesson 2 – Cryptography in Cryptocurrencies

• Why is cryptography so important in cryptocurrency operation? → It eliminates the need for a central authority, prevents double-spending, and improves security
• What are private and public keys? → A public key is like your account number, and a private key is like your password
• Which statement about private and public keys is true? → It is impossible to determine someone's private key based on their public key

Lesson 3 – Blockchain Basics

• What is blockchain? → A decentralized database
• Who can view the blockchain? → Anyone with a computer and internet access
• What distinguishes blockchain from a regular database? → Lack of centralized control and unrestricted access

Lesson 4 – Cryptocurrency Risks

• What regulatory protections does cryptocurrency have? → None – cryptocurrencies are not regulated in most countries
• How much can you lose by buying cryptocurrencies? → Everything – the value of your investment can drop to zero
• When is buying cryptocurrencies not suitable for you? → When you are in debt or cannot afford to lose the invested money

Polkadot

Lesson 1 – Introduction to Polkadot

• What problems did early blockchains like Bitcoin face? → They had low transaction throughput and high fees; they could not communicate with other blockchains
• What is Web 3.0? → A new network based on decentralized technologies where users have greater control over their data
• How does Polkadot eliminate the problems of earlier blockchains? → It enables communication between blockchains and processes multiple transactions simultaneously

Lesson 2 – How Does Polkadot Work?

• What is a relay chain? → A blockchain that connects other blockchains and enables their communication
• What is a parachain? → A blockchain that connects to the relay chain and operates parallel to other parachains
• What improvements do parachains and relay chains introduce? → The ability of blockchains to communicate with each other

Lesson 3 – Who Decides Polkadot's Future?

• Who can vote on new initiatives, such as upgrading the Polkadot network? → People who hold DOT tokens
• What is the Polkadot "treasury"? → A pool of tokens that can be used to support beneficial network projects
• How does Polkadot's governance system differ from other popular blockchains? → It is managed by the community through voting

Lesson 4 – The DOT Token

• What is the native cryptocurrency token of Polkadot called? → DOT
• What is staking with DOT tokens? → Helping to secure the network by locking DOT tokens in exchange for DOT token rewards
• What does "bonding" mean with DOT tokens? → Locking tokens to secure a slot for your own parachain in the relay chain

Lesson 5 – Polkadot Technology and Its Applications

• What is Polkadot used for? → NFTs, DeFi, powering smart cities
• What distinguishes applications built on Polkadot from phone apps? → Polkadot applications do not require an intermediary, and the apps themselves can ensure the security of your data
• How do applications in parachains communicate? → Through the relay chain

1inch

Lesson 1 – Decentralized Exchanges

• Who mediates transactions on a decentralized exchange? → No one. Exchange occurs peer-to-peer
• Which of the following is a decentralized exchange? → Uniswap
• What does the abbreviation DEX mean in the context of cryptocurrencies? → Decentralized exchange

Lesson 2 – How Does 1inch Achieve the Best Prices?

• What is the price search algorithm on the 1inch platform called? → Pathfinder
• How does 1inch find the best prices? → It aggregates trading options from various DEX platforms
• Which of the following features does not characterize the 1inch Pathfinder algorithm? → It shows the way to the destination

Lesson 3 – DAO and Governance

• What characterizes a decentralized autonomous organization? → It is decentralized
• Who can vote on proposals in 1inch? → Users staking 1INCH tokens
• What kind of proposal can 1inch DAO members vote on, for example? → Allocating treasury funds for a specific purpose

Polkadot Premium

Lesson 1 – Staking in Polkadot

• What is Nominated Proof of Stake? → An energy-efficient transaction validation method developed by Polkadot
• Who are nominators? → Users who select validators by freezing their DOT tokens
• What are the main reasons users decide to stake? → They want to help secure the network in exchange for DOT tokens

Lesson 2 – Connecting Chains

• Which of the following features does not characterize the multichain technology used in Polkadot? → It allows users to earn rewards
• What is blockchain interoperability? → The ability for blockchains to communicate and cooperate
• Which of the following features does not characterize Polkadot blockchain interoperability? → It is only used for transferring tokens

Avalanche

Lesson 1 – What is Avalanche?

• What is Avalanche's native token? → AVAX
• Which of the following statements describes the Avalanche consensus protocol? → The Avalanche consensus protocol consumes less energy than other blockchains
• What is required to function as an Avalanche validator? → Staking at least 2000 AVAX tokens

Lesson 2 – How Does Avalanche Scale?

• What does Avalanche use to increase transaction speed? → Subnets
• What benefits can a financial services company gain from subnet membership? → Regulatory compliance
• Which of the following is a long-term benefit for subnet users? → More affordable gas fees

Algorand

Lesson 1 – Introduction to Algorand

• Which of the following statements about Algorand network transactions is true? → They are secure, extremely fast, and inexpensive
• What consensus protocol does the Algorand network use? → Pure Proof of Stake
• How does Algorand differ from other blockchains? → There is no "fork" phenomenon

Lesson 2 – Algorand and Sustainable Development

• What makes the Algorand network environmentally friendly? → All of the above
• What happens if a governance participant withdraws their staked ALGO tokens during the governance phase? → They lose governance rewards
• How does the Algorand network remain carbon neutral? → By partnering with global organizations to offset carbon emissions

Near

Lesson 1 – Introduction to Near

• What is the NEAR protocol? → A Layer 1 PoS blockchain
• What is the purpose of Nightshade Sharding technology in the NEAR blockchain? → To increase scalability and transaction processing efficiency

Lesson 2 – Blockchain Operating System

• What is a Blockchain Operating System? → An operating system designed for Web 3.0
• What is the main purpose of BOS in the NEAR protocol ecosystem? → To enable developers to create and distribute decentralized applications
• What types of applications can be found in BOS? → Social applications, loyalty programs, NFT marketplaces, and more

Axelar

Lesson 1 – Meet Axelar

• Which of the following statements best describes the Axelar network? → All of the above
• What is the foundation of security in the Axelar network? → Decentralization
• Which of the following statements is true? → Thanks to Axelar, applications can seamlessly integrate with any chosen blockchain

Lesson 2 – The AXL Token

• How does Axelar reward validators and token holders who diligently secure the network? → Rewards and shares in network transaction fees are allocated
• Which of the following statements about Axelar token economics is true? → The best network structure is determined by Axelar token holders

Lesson 3 – Axelar's Cross-Chain Future

• How does Axelar improve upon first-generation bridge security concepts? → It uses Proof-of-Stake validation
• Which of the following statements about the General Message Passing function is true? → It allows applications to transmit logical data between different chains, supporting cross-chain integration
• What distinguishes Web 3.0 application development from traditional application development? → Web 3.0 enables developers to integrate applications with blockchains, facilitating the creation of new super-applications

iExec

Lesson 1 – Introduction to iExec

• What benefits does the iExec platform bring to Web 3.0? → All of the above
• How is the RLC token used on the iExec platform? → As a method of exchange and to secure the platform
• What key benefits does iExec offer its developers? → All of the above

Lesson 2 – iExec's Latest Product

• Why is communication with Web 3.0 users difficult? → Web 3.0 users communicate using cryptocurrency wallets
• Which of iExec's developer tools enables sending emails to registered Ethereum account holders without knowing their email addresses? → Web3Mail
• How can Privacy-Enhancing Marketing – the latest developer tool available on the iExec platform – benefit users in the Web 3.0 ecosystem? → It allows users to earn from sending emails while protecting their privacy

Oasis

Lesson 1 – Introduction to Oasis

• Why is the Oasis Network token called ROSE? → Roses symbolize privacy
• In what year was the Oasis network created? → 2018
• Which of the following is an Oasis community program? → All of the above

Lesson 2 – How Does Oasis Work?

• How does Oasis achieve efficiency and confidentiality in its transactions? → By using separate layers for consensus and applications
• What secure computing technology does Oasis use? → Trusted Execution Environment
• What are Oasis computing environments with shared state called? → Parallel Runtimes

Lesson 3 – Oasis and Smart Privacy

• What problem does the Oasis network privacy system solve? → The blockchain privacy dilemma
• What does the Oasis network build? → Smart privacy for dApps
• What is the cross-chain privacy system built by Oasis called? → Oasis Privacy Layer

Sui

Lesson 1 – Introduction to Sui

• What key capabilities does the Sui platform provide to blockchain users? → All of the above
• What is the programming language used on the Sui platform to create smart contracts called? → Move
• What is the relationship between the Sui platform and the Move programming language? → Answers 1 and 3

Lesson 2 – Sui Architecture

• Which of the following statements is true? → All of the above
• What distinguishes ownership on the Sui platform compared to other blockchains? → It is directly linked to the owner
• How does the Move language used on the Sui platform enable the creation of more secure applications? → All of the above

Lesson 3 – Sui Platform Functionality

• Which of the following goals does not align with Sui's vision for improving user experience? → Limiting user capabilities
• What two significant aspects create barriers for blockchain users? → Wallets and gas fees
• Why does Sui provide tools for developers? → All of the above

Lesson 4 – The SUI Token and Sui Ecosystem

• What is the SUI token not used for? → Proof of Work mechanism
• What types of applications does the Sui platform support? → All types of applications
• In what industries can the Sui platform be used to create new products and services? → All of the above

Bonk

Lesson 1 – Meet BONK

• On what blockchain is BONK cryptocurrency based? → Solana
• How were BONK tokens originally distributed? → Through an airdrop among active Solana community members
• The utility and reach of BONK have solidified its position as… → A community token of the Solana blockchain

Lesson 2 – BONK Applications

• Which key BONKswap feature allows users to perform standard direct swaps? → Token Swap
• Using which application powered by BONKbot can you trade cryptocurrencies in a simple and fast way? → Telegram
• Which of the following services allows users to lock BONK tokens and earn rewards within products created by the BONK ecosystem community? → BONKrewards

Sei

Lesson 1 – What is SEI?

• Which description best explains what Sei is? → The fastest Layer 1 blockchain
• What is the main application for which the Sei network is optimized? → Any type of consumer-grade decentralized application
• What is the block finalization time in the Sei network? → 390 milliseconds

Lesson 2 – Sei's Technological Innovations

• What distinguishes Sei's Ethereum Virtual Machine from traditional EVMs? → It is the world's first parallelized Ethereum Virtual Machine
• What is the main advantage of the Optimistic Parallelization technology used in the Sei network? → It allows simultaneous transaction processing
• What does the Sei DB database enable? → Efficient handling of large amounts of data

Lesson 3 – Key Features and Benefits of the Sei Network

• What is the "single slot finality" solution used in the Sei network? → It allows transaction confirmation within one network cycle
• How does the Sei ecosystem ensure user and developer comfort? → By providing users with smooth and intuitive interactions and offering developers efficient tools
• What is the main purpose of the Parallel Stack framework? → To facilitate the creation of maximally efficient Layer 2 solutions

Lesson 4 – The Sei Ecosystem

• What types of applications does the Sei environment support? → A wide range of applications, including digital asset exchanges and DeFi applications
• What are the uses of the SEI token in the Sei ecosystem? → It is used for governance, staking, and paying transaction fees
• How does the Sei network maintain its own blockchain ecosystem? → By constantly improving its technology and architecture

Floki

Lesson 1 – What is Floki?

• What are members of the Floki community called? → Floki Vikings
• Why did the Floki network become a DAO? → All of the above options
• What are the three main pillars of the Floki ecosystem? → Community, charity, and utility

Lesson 2 – Utility Products

• What is Floki's mission? → To make the FLOKI token the most well-known and widely used cryptocurrency in the world
• Which of the following are utility products offered in the Floki ecosystem? → All of the above
• List example charitable activities undertaken by Floki → All of the above

Lesson 3 – Floki Project Mission

• What is TokenFI? → A comprehensive platform for creating tokens and tokenizing real-world assets
• What is Floki Valhalla? → An impressive metaverse game where you can earn tokens
• What is FlokiFI Locker? → A protocol for locking liquidity pool tokens and digital assets

Cronos

Lesson 1 – What is Cronos?

• How many blockchain networks are in the Cronos ecosystem? → 3
• What cryptocurrency is used to pay transaction fees? → CRO
• Where can users find a list of applications hosted on Cronos? → discover.cronos.org

Lesson 2 – What is DeFi?

• What does the abbreviation DeFi stand for? → Decentralized Finance
• How do DeFi solutions ensure transaction security? → Through smart contracts written in programming languages
• Which of the following features of DeFi is true? → DeFi solutions are possible through transactions conducted between users

Lesson 3 – What are Web 3.0 Games?

• What is a Web 3.0 game? → An online game where players own their in-game assets
• What does the abbreviation NFT stand for? → Non-Fungible Token
• What is Cronos? → Cronos is a blockchain ecosystem hosting Web 3.0 games

Pyth

Lesson 1 – Introducing the Pyth Network

• What problems are associated with oracles? → Blockchains cannot send data to or retrieve it from external systems
• Which statement best describes Pyth's business model? → Pyth connects market data with blockchains
• What are most PYTH tokens used for? → Ecosystem development

Lesson 2 – Pyth Price Information

• Price information provided by Pyth results from interactions between the following parties: → Financial institutions, the Pyth network, and applications
• What are the advantages of the pull model over the push model for oracle data delivery? → Trust level, costs, and speed
• How many data updates has Pyth published across chains? → Over 1 billion

Lesson 3 – Oracle Integrity Staking in the Pyth Network

• Who protects the Oracle Integrity Staking functions? → DeFi applications and their users
• In what situations can tokens be slashed, with the confiscated portion of rewards transferred to affected parties? → When data providers publish inaccurate or false data
• Pyth Network is the first oracle to… → Protect all price data

Ethena

Lesson 1 – What is Ethena?

• What is the main assumption of the Ethena protocol? → To develop a stable, cryptocurrency-based dollar called USDe
• How does USDe maintain its stability? → By hedging asset value using derivatives
• What is an Internet Bond? → A globally accessible, dollar-denominated instrument awarded as a reward

Lesson 2 – The ENA Token

• Why are ENA tokens locked in the Ethena network? → To increase future profits and encourage long-term development
• How many ENA tokens are in Pendle Finance PT-ENA pools? → 160 million tokens
• What is the main purpose of restaking staked ENA token pools? → To provide economic security for cross-chain USDe transfers

LimeWire

Lesson 1 – Introducing LimeWire

• When was LimeWire relaunched in the AI and crypto environment? → In 2020
• What is the ticker symbol of the LimeWire token? → LMWR
• What are the three basic elements of the LimeWire AI ecosystem? → LimeWire.com, Blocknode, LMWR token

Lesson 2 – Blocknode by LimeWire

• What is Blocknode by LimeWire? → A decentralized GPU marketplace
• What is the purpose of Blocknode? → To provide affordable and accessible AI infrastructure for everyone
• What connects LMWR tokens and Blocknode? → LMWR are payment tokens that can be won in Blocknode

Lesson 3 – The LimeWire Token

• What is LimeWire's slogan? → Create, collaborate, and publish
• How much content has been created using LimeWire AI studio? → Over 500 million
• What type of token is MLWR? → A utility token

MEW

Lesson 1 – Introduction to MEW

• What market capitalization did MEW achieve shortly after its debut in March 2024? → 900 million USD
• How does MEW expand its presence beyond the memecoin space? → Creating high-quality animated content
• Which of the following risks is characteristic of memecoins? → Emotional investing

Lesson 2 – MEW's History and Community

• What is MEW's mission in Dog City? → Free the rats from Shibex's oppression
• What distinguishes MEW as a hero of Dog City? → Mystical powers and hacking skills
• What is the total supply of MEW tokens? → 88.8 billion

POLYHEDRA

Lesson 1 – What is Polyhedra?

• What is Polyhedra Network's mission? → To create new intelligence
• What is zero-knowledge proof? → A method of proving truth without revealing details
• What is the consensus mechanism created by Polyhedra called? → Expander

Lesson 2 – Blockchain Collaboration with AI

• What problem does Polyhedra solve? → All of the above options
• What does the abbreviation zkML stand for? → Zero-knowledge machine learning
• What real-world application does zkML have? → All of the above options

Is It Worth Solving the Quizzes?

Solving quizzes on mainstream platforms is definitely worthwhile, especially considering the opportunity to earn free cryptocurrencies. These quizzes are not just entertainment but also a way to expand knowledge in various fields. By completing them, users can earn additional rewards, and if you ever encounter difficult questions, you can find answers here to help you respond correctly and increase your chances of winning rewards.

The Learn & Earn programs offered by various crypto platforms provide an excellent opportunity for beginners to enter the cryptocurrency space without initial investment. Through these educational quizzes, users gain practical knowledge about blockchain technology, different cryptocurrency projects, and the fundamentals of digital asset management.

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