Binance Learn & Earn XRP Quiz Answers

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Q1. XRPL is decentralized, permissionless, and open-source

Answer: True

Q2. What is the native digital asset on the XRP Ledger?

Answer: XRP

Q3. On average, how long does a transaction confirmation on the XRP Ledger take?

Answer: 3 to 5 seconds

Q4. What is the XRP Ledger’s validation mechanism?

Answer: Federated Consensus

Q5. What can the XRP Ledger be used for today?

Answer: All the correct

Q6. What is the average cost of transactions on XRPL?

Answer: Less than 1 cent

Q7. Which of the following describes the XRPL?

Answer: All are correct

Q8. The XRPL’s built-in DEX is based on an order book model.

Answer: True

Q9. The XRP Ledger is useful for developers because.

Answer: They are able to code in Python, Java and JavaScript languages.