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Web3 Foundations Quiz 3 (Modules 4-6)

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Web3 Foundations Quiz 3 (Modules 4-6)

November 9, 2022

Quiz covering topics within Modules 4 through 6.

Questions: 5
70% to pass
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Time limit: 0

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Question 1 of 5

1. Question
DeFi can be described as:
- A financial system that functions without third-party intermediaries like banks
- The financial system that functions with third-party intermediaries like exchanges
- A financial system that functions without transparency or security
- The financial system that functions with traditional exchanges like banks
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Question 2 of 5

2. Question
It could be said that currently, most DeFi dapps are sitting in the _____ category.
- Centralized
- Decentralized
- Semi-Decentralized
- Non-Centralized
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Question 3 of 5

3. Question
Which one of the following is an advantage of Web3?
- Data Intermediaries
- Data Ownership
- Less Transparency
- Interrupted Services
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Question 4 of 5

4. Question
What is one of the biggest challenges of Web3?
- Space for Data-centers
- Power Consumption
- Speed or Throughput
- Decentralization
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Question 5 of 5

5. Question
According to Jack Dorsey, “Web5” is
- A combination of Web2 and Web3
- The next evolution of the Web after Web4
- Unattainable
- Inconceivable
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