Binance Solana Quiz Answers: Learn And Earn SOL Token

Binance Solana Quiz Answers

Binance Solana quiz answers: Test your knowledge by taking the new quiz and get rewards in the form of crypto tokens. The next round of learn earn event have started today.

If you are new to the Binance crypto platform then register yourself first before taking the quiz. All quiz consists of multiple-choice questions and is very simple.

The amount of SOL available to eligible users in a certain region or country will be limited to ensure that the SOL rewards are shared fairly among all eligible users.

All Binance users can participate in multiple quizzes if available until all rewards have been distributed. Once all rewards have been distributed, there will be none for them to take.

SOL Binance Quiz Rewards

Quiz topic: Solana blockchain.

Rewards: 0.01 SOL in a locked state for 150 days.

Distribution: On a first-come, first-serve basis.

Quiz start: From January 25, 2024 at 09:00 UTC.

What is Solana?

Solana is a blockchain network on which you can quickly and securely transfer money, store data, and make transactions. It uses consensus protocol to process a large number of transactions at once with low fees.

SOL is a type of digital currency of Solana and can be used to by users to pay transaction fees. In simpler terms, it is like using money to purchase goods or services. SOL holders can also stake their tokens to get rewards.

It can take longer to process individual transactions and for them to be confirmed when more people are using the network because the networks have more data to process and more transactions to confirm.

To make transactions fast and keep everyone’s funds safe and secure, Solana uses Proof of History (PoH) and parallelization so that it can efficiently process thousands of transactions every second.

Binance Solana Quiz Answers

Q1. Which of these is not one of the technical design features that allow Solana to process transactions at a higher rate?

Answer: Proof-of-work

Q2. As of September 2022, what is the energy impact of a single Solana transaction on average?

Answer: Less than a Google search (~500)

Q3. What can you use SOL for?

Answer: All are correct

Q4. What is the average Solana transaction fee?

Answer: $0.00025

Q5. What is Saga?

Answer: A crypto-friendly mobile phone that uses the Solana Mobile Stack

Q6. How quickly does it take the Solana Pay protocol to process a transaction globally?

Answer: A few seconds

Q7. Firedancer, a new Solana validator client being developed by Jump crypto, can process how many TPS in a test environment?

Answer: 1,200,000

Q8. Solana uses mining to secure its network.

Answer: False

Q9. As of December 2022, how many NFTs have been minted using Solana?

Answer: 22,700,000

Q10. Which of the following established companies support or have integrated Solana?

Answer: All are correct