3.4 Learning Assessment For Module 3

1. What is true about bitcoins?*

2. Bitcoin can process more transactions per second than VISA, PayPal and other e-money providers can process.

3. What is the purpose of the SegWit upgrade?*

4. The lightning network scaling approach*

5. Solo mining is the most efficient cost-benefit approach to mining.*

6. Unlike Bitcoin, Ethereum

7. Which is the most frequently used token standard on Ethereum?*

8. Execution loops on Ethereum run*

9. What is the purpose of the financial system?*

10. Financial instruments can only either be debt or equity*

11. In the US, the regulatory bodies that need to be complied with are*

12. CeFi and DeFi *

13. Staked assets *

14. Which main architectures of stablecoins are there?*

15. Centralized exchanges *

16. All DEXs are order book-based*

17. Consumer protection is one of the regulatory goals in financial systems which includes*

18. In which unit are Ether gas cost denominated? *

19. Smart contracts are legally binding contracts*

20. What does the network fee in Bitcoin depend on?*