Are you looking for CakeDefi Ethereum Quiz Answers? This is the right place for you if that’s the case. It is necessary for you to answer all 5 questions correctly in order to receive your reward. You may not be rewarded even if you answer incorrectly one time.
Note: Your account must be KYC-Verified in order to take part in the CakeDefi Ethereum quiz and receive free crypto.
CakeDefi Ethereum Quiz: How to Participate?
- Create or log in to your CakeDefi Account.
- Your account must be KYC-Verified otherwise you will not be able to take part in the quiz.
- Visit CakeDefi Academy’s Learn and Earn page.
- Select the CakeDefi Ethereum course and click Start Course.
- Answer the quiz questions correctly.
- Winners will be selected depending on the quiz.
CakeDefi Ethereum Quiz Answers
Our team at GetQuizAnswers regularly updates quiz questions and their answers. If you found an outdated or wrong answer, let us know via comment or contact us. We will answer your query as soon as possible.
Question 1: Which of the following best describes Ethereum?
Answer: (B) Ethereum is a decentralized and open-source blockchain with smart contract functionality. It was conceived by programmer Vitalik Buterin and was launched in 2015. Also, unlike Bitcoin, Ethereum is programmable.
Question 2: Which of the following best describes ETH?
Answer: (A) ETH is the native cryptocurrency of the Ethereum blockchain. It is decentralized, transparent, and is currently ranked 2nd to BTC. It takes about 15 seconds to 5 minutes to process ETH transactions.
Question 3: What Makes Ethereum Work?
Answer: (C) Several components come together to make Ethereum function the way it does, namely blockchain technology, proof-of-stake, smart contracts, Ethereum virtual machine, and ETH.
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. It did NOT reduce gas fees, significantly improve transaction speed, enable staking withdrawals, or cause APR to increase by 200%.
CakeDefi Ethereum Quiz Answers in Video
Alternatively, you can watch the YouTube video below with the same quiz answers if you don’t like reading an article.