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Quiz 2.2 - How the XRP Ledger works
Review and test your knowledge on How the XRP Ledger works.
What is the XRPL’s consensus algorithm?
A) Proof-of-work (PoW)
B) Delegated proof-of-stake (DPoS)
C) XRPL Consensus Mechanism
D) XRP Validator
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
How long does it take for transactions to flow through the XRPL?
A) A few seconds
B) A few minutes
C) A few hours
D) A few days
Why doesn't the XRPL use Proof of Work (PoW)?
A) PoW is too energy-intensive
B) PoW is unbalanced
C) PoW isn't secure enough
How much XRP must be destroyed in order to make a transaction on the network?
A) 0.01 XRP
B) 1 XRP
C) 0.00001 XRP
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