Test Your Knowledge
Earn 100 Diamonds for every perfect score!
1. What is the main advantage of using cryptocurrencies for payments?
A) They are universally recognized as legal tender
B) They often incur lower transaction fees compared to traditional financial institutions
C) They can only be used for online transactions
D) They are backed by government institutions
2. What is the purpose of stablecoins in the cryptocurrency space?
A) To increase volatility for investment purposes
B) To peg their value to stable assets like the US Dollar or gold
C) To serve as meme coins with no practical use
D) To offer high-risk, high-reward trading opportunities
3. What is the primary feature of NFTs that differentiates them from other cryptocurrencies?
A) They are interchangeable and can be used as digital money
B) They represent unique digital assets with distinct ownership and provenance
C) They are only used for gaming purposes
D) They are pegged to the value of real-world commodities