Coinbase Stellar Lumens Quiz Answers: Learn and Earn $10 XLM

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Coinbase Stellar Lumens Quiz Answers are given below scroll the page to see Coinbase Stellar Lumens Answers. Learn something new and free Crypto as a reward.

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Stellar Lumens Quiz Coinbase questions are asked based on XLM Token and therefore make sure to learn about it through the provided short videos and lessons thoroughly so that you do not miss free $10 XLM tokens.

Users get XLM tokens by completing the quiz. Coinbase Stellar Lumens Quiz Answers are given below scroll the page to see the correct answers.

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Coinbase Earn Stellar Lumens Quiz Answers

What is Stellar Lumens?

Stellar is a fast, efficient network for trading, saving, and spending digital money. It is an open-source network for currencies and payments.

The Stellar network has a native digital currency, the lumen, that’s required in small amounts for initializing accounts and making transactions.

Stellar makes it possible to create, send and trade digital representations of all forms of money dollars, pesos, bitcoin, pretty much anything.

It is designed so all the world’s financial systems can work together on a single network.

Stellar was made to support digital representations of any currency, but it also has its own built-in token, called the lumen, created to fill a special role in the network.

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How to earn free $10 XLM tokens?

1) You first have to sign up on Coinbase, click on the link given below.

2) In the dashboard, click on the “For You” tab, it is there on the left side of the panel.

3) Click on View All given at the right side of the panel.

4) Scroll down and click on the “Start Earning” button.

5) Now scroll down to see all quizzes. Take the quiz that is live and click on the start course button.

6) Complete the Coinbase Quiz to earn free cryptos.

Coinbase Stellar Lumens Quiz Answers

Q1) What is Stellar?

Answer: A decentralized protocol that unites the world’s financial infrastructure.

Q2) What are Stellar Lumens (XLM) used for?

Answer: Facilitating low-cost, universal payments

Q3) Why is Stellar good for sending remittances?

Answer: Transactions are fast, inexpensive, and global

Q4) Why would banks and businesses use Stellar?

Answer: To issue, exchange, and transfer tokens quickly and efficiently

Q5) How does Stellar’s Consensus Protocol work?

Answer: It relies on the cooperation of trusted nodes to confirm transactions

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