Comprehensive Quiz - XRP Ledger | 학습 포털

What's the first step to creating your own issued token on the XRPL?

A) Creating a trust line

B) Sending a transaction

C) Configuring the settings for your hot address

D) Creating accounts and acquiring XRP

Why was web 1.0 known as the 'read-only' era?

A) It was difficult to contribute content to the web

B) There were no computers

C) Google required a paid subscription to use

What could a smart contract be used for?

A) To automate the supply chain

B) To track the ownership of land

C) To settle insurance claims

D) All of the above

How does autobridging work?

A) It uses a series of assets or hops to find the best connecting liquidities for the original trading pairs

B) It allows users to trade their assets without having to send them to a centralized exchange

C) It uses XRP as an intermediary asset to find the lowest transaction cost

What is a use case for brokering an NFT transfer?

A) A marketplace that manages the sale of NFT’s for creators.

B) A curator who wants to organize NFT’s by type or price point.

C) An agent who works to buy and sell NFT’s, maximizing the sale price for creators.

D) All of the above

What is an ask?

A) A price a buyer is willing to buy an asset at

B) A price a seller is willing to sell an asset at

C) The order book for the XRPL DEX

What is yield farming?

A) The act of making small purchases at different times of the day

B) The act of only buying the top-cryptocurrencies

C) The act of using DeFi protocols to earn interest on digital assets

What does "TVL" mean?

A) Total value locked

C) Tokenized value loan

C) Trade volume level

What does "TVL" mean?

A) Total value locked

C) Tokenized value loan

C) Trade volume level

What is the NFTokenTaxon ID used for?

A) To create a unique ID for each NFT, so it can be found on the blockchain.

B) To link or associate all NFTs that belong in a single collection.

C) To set a transaction price in case an NFT is sold after being minted.

D) All of the above.

What is a DEX?

A) A decentralized exchange that allows users to trade assets without having to send them to a centralized exchange

B) A cryptocurrency that is used as an intermediary asset to find the lowest transaction cost

C) An order book that lists all current bids and asks for each asset

What does a block in the blockchain contain?

A) Cryptographic hash

B) Transaction information

C) Timestamp

D) All of the above

Why is the XRPL good for DeFi?

A) The XRPL’s Proof-of-Work and Proof-of-Stake systems make it difficult to hack.

B) The XRPL always gets the best exchange rate for trades.

C) The XRPL can handle a large volume of transactions quickly and cheaply.

D) The XRPL’s trading algorithm always nets the highest gains per transaction.

What is the NFTokenTaxon ID used for?

To create a unique ID for each NFT so that, so that it can be found on the blockchain

To link or associate all NFTs that belong in a single collection

To set a transaction price in case an NFT is sold after being minted

All of the above

Can tokens and currencies be issued on the XRPL?

A) Yes

B) No

How does the XRPL order book differ from a typical AMM?

A) Trades on the Order Book happen during the hourly auction while an AMM executes trades instantly based on the current formula-based prices.

B) Trades on the Order Book happen when a marketplace merge (mpm) occurs while an AMM executes trades instantly based on the current formula-based prices.

C) Trades on the Order Book happen when a buyer's bid matches a seller's ask while an AMM executes trades instantly based on the current formula-based prices.

D) Trades on the Order Book happen when the buy/sell function cycles while an AMM executes trades instantly based on the current formula-based prices.

What is one potential use case for NFTs?

A) Proving ownership of an asset

B) Identity verification

C) Storing academic credentials

D) All of the above

How does auto-bridging work?

A) It uses a series of assets or hops to find the best connecting liquidities for the original trading pairs

B) It allows users to trade their assets without having to send them to a centralized exchange

C) It uses XRP as an intermediary asset to find the lowest transaction cost

What does DeFi stand for, and what is its primary goal?

A) DeFi stands for Digital Finance, aiming to centralize financial services.

B) DeFi stands for Decentralized Finance, aiming to remove all financial intermediaries.

C) DeFi stands for De-established Finance, aiming to increase geographical restrictions.

D) DeFi stands for Designated Finance, aiming to limit financial innovation.

What is the set of chosen validators known as?

A) The Validator List

B) The UNL (Unique Node List)

C) The Consensus Group

D) The Delegate Group