• Difficulty - Medium
    Total Plays - 25
    Allowed Time - 10 sec
    Best time - 1.325 sec

    DeFi relies on oracles for:

    Tip: Click "Play" to reveal options and start playing.
    #A
    #B
    #C
    #D
    Explanation:
    DeFi protocols need real-world price data (e.g., ETH/USD) to execute core functions like determining loan collateral ratios, triggering liquidations, or enabling decentralized trades — all of which require oracles to securely fetch and verify external market prices.
  • Jay

    Jay

    @NukangaNetwork4w

    Where to start? Newbie in Blockchain.

    I am building a Network State. Gradually I will be incorporating more and more Web 3 tech into our community such as NFTs, our own cryptocurrency and a DAO.How should...
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  • Difficulty - Medium
    Total Plays - 23
    Allowed Time - 10 sec
    Best time - 1.584 sec

    ERC-20 tokens are

    Tip: Click "Play" to reveal options and start playing.
    #A
    #B
    #C
    #D
    Explanation:
    ERC-20 is a standard for creating interchangeable tokens like cryptocurrencies or rewards.
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  • Difficulty - Medium
    Total Plays - 18
    Allowed Time - 10 sec
    Best time - 1.103 sec

    Faster transactions than PoW?

    Tip: Click "Play" to reveal options and start playing.
    #A
    #B
    #C
    #D
    Explanation:
    PoS processes transactions faster by skipping energy-intensive mining. Chains like Ethereum 2.0 use it.
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  • Difficulty - Medium
    Total Plays - 21
    Allowed Time - 10 sec
    Best time - 2.779 sec

    "Decentralized oracles" use:

    Tip: Click "Play" to reveal options and start playing.
    #A
    #B
    #C
    #D
    Explanation:
    Decentralized oracles (e.g., Chainlink) source data from many nodes for trust.
  • ABHI

    ABHI

    @2QFzVmG4mos

    Hello ArtofBlockchain Community

    Hello Everyone!I'm excited to be a part of the ArtofBlockchain club and connect with like-minded folks who are passionate about decentralization, innovation, and the future of technology!My name is Abhiram...
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  • 3
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