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Beginners in web3 quiz

The five elements of public blockchain are distribution, encryption, immutability, tokenization and:
Transparency
Authorization
Privacy
Efficiency
True or false: Smart contracts are legally binding contracts.
True
False
One of the principles of web3 is interacting with the web using pieces of digital content/data that you OWN.
Yes
No
Which of the following is the main concept used by a blockchain to create new blocks?
Consensus Algorithms
Decentralization
Peer to peer network
Cryptography
.. Is a type of consensus algorithm where a person can mine or validate block transactions according to how many coins they hold.
Proof of Work
Proof of Stake
Which of these are the tasks for a validator node?
Verifying txs
Voting on txs
Maintain a record of txs
All of the above
What are stablecoins?
Their value is always pegged to US Dollars
Their price varies according to a an algorithm
Their value remains stable due to a peg with a currency
None of the above
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