[SOLVED]-Coinbase ALL QUIZ Questions + Answers

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Algorand (ALGO) Answers
What is Algorand?
By being scalable, secure and decentralised

What is Pure Proof-of-Stake?
A randomly selected ALGO token

The future of Algorand
Algorand Standard Asset (ASA)


BAND Answers
What does Band bring to blockchains?
Real-World Data

What are Band’s decentralized data feeds called?
Oracles

What’s one benefit of staking your BAND tokens?
Earn Crypto Rewards


Basic Attention Token (BAT) Answers
Why does Brave think the Web is broken?
There are too many ads and data trackers

What is Brave?
It is a free, open-source web browser built for privacy

How does BAT work?
Users get paid BAT for viewing opt-in ads, and publishers get rewarded when users pay attention to their content


Celo (CGLD) Answers
How does Celo give greater access to financial tools?
By making crypto accessible on mobile phones

What are 3 things Celo is used for?
Staking, governance

What’s one way to send a Celo Dollar?
Using the Valora mobile app


Compound (COMP) Answers
What is a key benefit of using compound?
Earning interest on your crypto

What do you need to do to borrow crypto with compound?
Supply a crypto asset as collateral

Who gets to decide the future of the Compound Protocol?
COMP token holders


Dai (DAI) Answers
What is DAI?
A decentralized stable coin that aims to be worth one US dollar

What are two features of DAI?
Decentralized and borderless

How do you generate DAI?
Open a CDP with Maker


EOS (EOS) Answers
What is Eosio?
A blockchain protocol for fast, scalable applications

What is EOSIO's consensus model?
Delegated proof of stake

What is a major feature of EOS?
Fast, free transfers

How do you obtain CPUbsland net ELR?
Stake EOS tokens

What's an erosio feature that developers offer find valuable?
Upgradable smart contracts


Filecoin (FIL) Answers
What is Filecoin?
A decentralised marketplace for data storage and retrieval

How does Filecoin ensure data remains accessible and correct?
Proof of replication and proof of spacetime

How is data addressed in Filecoin’s IPFS network?
By its content


TheGraph (GRT) Answers
What information is indexed by The Graph?
Blockchain Data

What do you earn for delegating GRT to an Indexer?
GRT

Who identifies high quality, useful data on The Graph?
Curators


Kyber (KNC) Answers
Exchange one Ethereum token for another
Ethereum
Liquidity


Maker (MKR) Answers
What are the native assets of the Maker protocol?
MKR and DAI

Who runs MakerDAO?
MKR Holders

What do you need to generate DAI today?
A crypto wallet and crypto collateral


Numeraire (NMR) Answers
Who submits predictions to Numerai?
A global community of data scientists

Why do data scientists stake NMR tokens?
To back up predictions and earn rewards

What do data scientists pay to obtain Numerai’s financial data?
Nothing


NuCypher (NU) Answers
What does NuCypher provide to users and apps?
End-to-end encryption

What does NuCypher use to protect your data?
Independent nodes to perform tasks

Which of these is NOT a use of the NU token?
Paying Ethereum transaction fees


Orchid (OXT) Answers
What is Orchid?
A peer-to-peer privacy tool

What do you need to use Orchid?
The OXT token, a Web3 wallet, and the Orchid app

What’s one way that Orchid keeps data private?
Support for multi-hop configurations between bandwidth providers


Ox (ZRX) Answers
What is 0x’s vision?
To create a tokenized world, through the frictionless, peer-to-peer exchange of tokens

What is the 0x protocol?
A new way to trade tokens and cryptocurrencies with other people

What is the ZRX token used for?
It can be used to pay relayer fees and participate in protocol upgrades in the future


Stellar Lumens (XLM) Answers
What is Stellar?
A decentralized protocol that unites the world financial infrastructure.

What are Stellar Lumens (XLM)?
Facilitating low cost, universal payments.

Why is Stellar good for sending remittances?
Transactions are fast, inexpensive, and global.

Why would banks and businesses use Stellar?
To issue, exchange, and transfer tokens quickly and efficiently

How does Stellar’s Consensus Protocol work?
It relies on the cooperation of trusted nodes to confirm transactions


Tezos (XTZ) Answers
What facilitates smart contract safety on Tezos?
Formal verification

What's required to be your own Tezos baker?
A decent computer, an Internet connection and 1 roll of Tea (8,000 XTZ)

How does Tezos upgrade itself?
The formal governance process


Zcash (ZEC) Answers
What is ZCash?
A privacy protecting crypto

Why is financial privacy important?
It keeps your financial info safe so it can not be sold

How does Zcash's privacy feature work?
Through a cryptographic breakthrough known as zero-knowledge proof