Get All Weeks Decentralized Finance (DeFi) Infrastructure Quiz Answers
Table of Contents
Decentralized Finance (DeFi) Infrastructure Week 01 Quiz Answers
Module Quiz Quiz Answers
Q1. Both early barter trading and modern-day DeFi are peer-to-peer systems of market exchange.
Q2. Which of the following is NOT a primary or secondary role of money?
ViewQ3. Iraqi Swiss Dinars were an example of a currency that had intangible value.
ViewQ4. Which of the following are TRUE about centralized finance as per the lecture, “Brief overview of CeFi problems”?
ViewQ5. Why do small entrepreneurs have to fund their businesses with credit cards?
ViewQ6. Which of these early DeFi ideas made trading stocks cheaper?
ViewQ7. Which are the problems that plague centralized finance? Hint: You can choose more than one.
View2.Inefficiency
3.Centralized control
4.Limited access
Q8. Most current Fintech initiatives use legacy banking infrastructure.
ViewQ9. Which ideas did Satoshi Nakamoto combine to introduce Bitcoin?
ViewMining pools
Q10. Which of the following statements are FALSE with respect to the Bitcoin blockchain?
View2.Mistakes can be edited and fixed
Decentralized Finance (DeFi) Infrastructure Week 02 Quiz Answers
Module Quiz Quiz Answers
Q1. Blockchain was invented by Satoshi Nakamoto in a famous 2008 paper.
ViewQ2. No matter how many times an (identical) data set is hashed, the output will always be the same.
ViewQ3. Blockchains are called blockchains because the ledger is broken into smaller datasets or blocks. The last line of the block contains a cryptographic hash that is repeated as the first line of the next block thus serving as the “chain”.
ViewQ4. Go to https://emn178.github.io/online-tools/sha256.html and enter the word DeFi (be careful of capitalization and no spaces). Which is the correct SHA-256 output (first six characters):
ViewQ5. Miners gather transactions, verify that the transactions are valid, hash the transactions (which happens very quickly) and post a new block.
ViewQ6. It is possible today, albeit very computationally challenging, to derive the private key associated with a public key.
ViewQ7. The gas required to operate on the Ethereum blockchain is paid in another cryptocurrency acceptable on the Ethereum blockchain.
ViewQ8. Miners on the Ethereum blockchain can choose any transactions to add to their block. Thus, inevitably, they end up choosing those transactions that bid the highest fees.
ViewQ9. Oracles enable external information to be used in computations on the Ethereum blockchain.
ViewQ10. There are three types of stablecoins: fiat or other asset collateralized, cryptocollateralized, and non-collateralized.
ViewQ11. DAOs or decentralized autonomous organizations have a board of directors, a CEO who has control over major decisions, and a company headquarters.
ViewDecentralized Finance (DeFi) Infrastructure Week 03 Quiz Answers
Module Quiz Answers
Q1. There is little difference between a dApp and an Apps like Robinhood, Venmo, Zelle, WeChat Pay, Alipay, etc.
ViewQ2. Keepers and Oracles are essentially the same, except that keepers do for DeFi platforms what Oracles do for blockchains.
ViewQ3. While vampirism is a risk to DeFi platforms due to their open-source nature (i.e., code can be copied and repurposed), there is a benefit of using existing code and improving on it.
ViewQ4. Yield farming refers to a situation where a user deposits crypto funds (potentially in various different DeFi platforms) and seeks the highest possible rewards or savings rates.
ViewQ5. Initial DeFi Offerings, or IDOs, are a long, expensive process, that includes filing with securities regulators such as the SEC in the US.
ViewQ6. DeFi refers to a fast-growing and highly opaque corner of the cryptocurrency market.
ViewQ8. A DeFi protocol is truly decentralized only if special privileges are given to the administrator.
ViewQ8. DeFi Legos is a concept that implies that each DeFi protocol is rigid and is incapable of interacting with other DeFi protocols.
ViewQ9. Tokenizing physical assets is much more straightforward than tokenizing virtual assets.
ViewQ10. One disadvantage of an Initial DeFi Offering is that an artificial floor on the cryptocurrency price is established that potentially could inhibit price discovery.
ViewDecentralized Finance (DeFi) Infrastructure Week 04 Quiz Answers
Module Quiz Answers
Q1. All cryptocurrencies are anonymous and the technology makes it easier for criminals to operate.
ViewQ2. The Bitcoin and Ethereum blockchains are routinely hacked so these cryptos are not safe to use.
ViewQ3. Central banks’ Central Bank Digital Currencies or CBDC have nothing to do with DeFi.
ViewQ4. All cryptocurrencies have no fundamental value.
ViewQ5. Quantum computing poses very little threat to the main cryptocurrencies.
ViewQ6. Today the cost of transacting on the main networks like Bitcoin and Ethereum is trivial, opening up a new way to handle day-to-day transactions, like buying a coffee at Starbucks.
ViewQ7. DeFi is so hard to understand that it will likely go nowhere.
ViewQ8. Given the rise of cryptocurrencies like Bitcoin and Ethereum, the price volatility has substantially decreased due to widespread use.
ViewQ9. The DeFi space is just too small compared to banks and, as such, is doomed to be a failure.
ViewQ10. Mining that underlies Proof of Work crypto protocols like Bitcoin and (currently) Ethereum is environmentally damaging.
ViewGet All Course Quiz Answers of Decentralized Finance (DeFi): The Future of Finance Specialization
Decentralized Finance (DeFi) Infrastructure
Decentralized Finance (DeFi) Primitives
Decentralized Finance (DeFi) Deep Dive
Decentralized Finance (DeFi) Opportunities and Risks
