Binance Learn And Earn EOS Quiz Answer
Binance EOS quiz answers: Welcome to the new round of Binance learn and learn. In this event, you will have the opportunity to test your knowledge about EOS and earn free crypto tokens.
Learn about the EOS blockchain and get 1.69 EOS worth approximately 1.5 dollars. You can refer to the EOS Binance quiz answers here after the quiz starts.
You can begin to read the articles and watch the videos anytime from now and complete the quiz when it is available till EOS token supplies last.
Rewards are already fixed and will be available on a first-come-first-serve basis and they can claim the reward only after completing the quiz.
EOS Quiz Rewards
|Rewards||1.69 EOS token|
|Staking period||150 days, get 10% APR|
What is EOS?
EOS blockchain is a layer 1 blockchain that is basically designed to make transactions fast and secure. It was launched in the year 2018.
One of the problems with first and second-generation blockchains is that they can get slow and expensive when a lot of people are using them at the same time. EOS is created to solve these problems.
EOS is its native token that can be used to pay for computing power and storage space when using the EOS platform. It uses Delegated Proof of Stake which makes it a faster and more efficient blockchain than other systems.
If you wish then you can also stake EOS tokens. The transaction made on this network is mostly free.
Binance EOS Quiz Answers
Rewards are available only for the new users of Binance simple earn, those who never staked any tokens on Binance earlier.
Q1. The EOS Network consumes significantly less energy than Bitcoin and Ethereum and is certified carbon neutral.
Q2. EOS is leveraging its technology to unlock use cases in GameFi, DeFi and, more broadly, the Metaverse.
Q3. The EOS Network has an insurance program called Recover+ that protects EOS DeFi users from hacks.
Q4. Which of the following performance metrics does EOS achieve?
Answer: All are correct
Q5. Who is the founder and current CEO of the EOS Network Foundation?
Answer: Yves La rose
Q6. Who is the EOS Network designed for?
Answer: All are correct
Q7. Which of the following is not characteristic of the EOS blockchain?
Answer: Expensive gas fees
Q8. In an effort to achieve absolute code independence, community engineers, led by the EOS Network Foundation, performed a non-contentious hard fork of the EOS codebase.