Syntax Verse Daily Quiz Answer 14 May 2025

Syntax Verse Daily Quiz Answer

Searching for today’s Syntax Verse Daily Quiz Answer 14 May 2025? End your search here, collect your rewards of Today Syntax Verse Quiz “What is KYC in crypto platforms?” with QuikNotes.

About Syntax Verse:

Syntax Verse: Web3 Mining Project to Earn $SYNTAX Tokens

Syntax Verse is an innovative Web3 mining project that launched on March 17, 2025, offering users the opportunity to earn $SYNTAX cryptocurrency tokens. The platform has quickly attracted a growing community of over 50,000 users.

Available on Android and iOS

Syntax Verse provides dedicated apps for both Android and iOS devices, making it easy to mine and manage your tokens on the go. You can download the Syntax Verse app directly from the Google Play Store and App Store.

Here are Syntax Verse Daily Quiz Answer 14 May 2025:

  • Quiz: What is KYC in crypto platforms?
  • Answer: B) Know Your Customer.

Syntax Verse Daily General Quiz Answer

More Questions Adding Soon…

How Cryptojacking Infects Computers for Mining

  • Question 1: What is cryptojacking?
    Answer: B) Unauthorized use of a device to mine cryptocurrency.
  • Question 2: Which of the following is a common way cryptojacking malware enters a device?
    Answer: C) Phishing emails.
  • Question 3: What does cryptojacking primarily consume on a victim’s computer?
    Answer: B) CPU and GPU resources.
  • Question 4: One sign your computer might be cryptojacked is:
    Answer: D) Overheating and slow performance.
  • Question 5: What’s a good way to prevent browser-based cryptojacking?
    Answer: B) Installing browser extensions that block mining scripts.

Bitcoin’s Role in the Silk Road Marketplace

  • Question 1: What was the Silk Road in the context of Bitcoin’s early history?
    Answer: B) A dark web marketplace.
  • Question 2: Which key feature of Bitcoin made it appealing for use on Silk Road?
    Answer: D) Pseudonymous transactions.
  • Question 3: What platform was the Silk Road accessible through?
    Answer: C) Tor browser.
  • Question 4: In which year was the Silk Road shut down by the FBI?
    Answer: B) 2013.

The Use of Multi-Party Computation (MPC) in Crypto Security

  • Question 1: What is Multi-Party Computation (MPC) primarily used for in crypto?
    Answer: A) Securely managing private keys.
  • Question 2: In an MPC system, who has access to the full private key?
    Answer: C) No single party.
  • Question 3: How does MPC enhance crypto wallet security?
    Answer: B) By splitting the private key across multiple devices.
  • Question 4: What does MPC stand for?
    Answer: D) Multi-Party Computation.

How SIM Swaps Can Lead to Crypto Theft

  • Question 1: What is a SIM swap attack?
    Answer: C) Taking over someone’s phone number to access sensitive accounts.
  • Question 2: Why do attackers perform SIM swap attacks on crypto users?
    Answer: A) To bypass two-factor authentication and access crypto wallet.
  • Question 3: What is usually the first step in a SIM swap scam?
    Answer: B) Contacting the victim’s mobile provider with fake ID.
  • Question 4: How can SIM swap lead directly to crypto theft?
    Answer: D) It allows access to verification codes for exchanges.
  • Question 5: What can you do to protect against SIM swap attacks?
    Answer: A) Use an authenticator app or hardware 2FA.

Permissioned & Permissionless Blockchains

  • Question 1: What is the main feature of a permissionless blockchain?
    Answer: B) Anyone can participate in the network.
  • Question 2: Which of the following is an example of a permissionless blockchain?
    Answer: C) Bitcoin.
  • Question 3: Permissioned blockchains are generally used by:
    Answer: D) Private organizations.
  • Question 4: Which statement best describes permissioned blockchains?
    Answer: A) They have restricted access and governance.
  • Question 5: A key downside of permissionless blockchains is:
    Answer: C) Slower transaction speeds.

Crypto Bonds

  • Question 1: What is a crypto bond?
    Answer: A) A blockchain-based version of a traditional bond.
  • Question 2: Which of the following best describes the main purpose of crypto bonds?
    Answer: B) To raise funds by offering returns over time.
  • Question 3: Which blockchain has been notably used to issue crypto bonds?
    Answer: A) Ethereum.
  • Question 4: What risk is associated with crypto bonds?
    Answer: C) Lack of regulatory clarity.

Lending & Borrowing in DeFi

  • Question 1: What is one of the key reasons people use DeFi lending platforms?
    Answer: D) To earn passive income on idle assets.
  • Question 2: In DeFi, what is typically required before borrowing funds?
    Answer: C) Collateral deposit.
  • Question 3: What does LTV stand for in DeFi lending?
    Answer: B) Loan-To-Value.
  • Question 4: Which of the following is a popular DeFi lending platform?
    Answer: C) Compound.

Cross-Chain Interoperability

  • Question 1: What is cross-chain interoperability?
    Answer: A) Communication between different blockchains.
  • Question 2: What enables blockchains to interact?
    Answer: C) Bridges and interoperability protocols.
  • Question 3: What is a blockchain bridge?
    Answer: B) A tool for transferring assets between chains.
  • Question 4: What does a wrapped token represent?
    Answer: C) A token pegged to an asset on another blockchain.
  • Question 5: Why is cross-chain interoperability important?
    Answer: A) It allows seamless asset transfers between networks.
  • Question 6: What is an example of a cross-chain protocol?
    Answer: B) Polkadot.

Understanding Gas Fees

  • Question 1: What are gas fees in crypto?
    Answer: C) Transaction costs on a blockchain.
  • Question 2: Which blockchain is known for high gas fees?
    Answer: B) Ethereum.
  • Question 3: What factors determine gas fees?
    Answer: A) Network congestion and transaction complexity.
  • Question 4: Who receives gas fees in a Proof-of-Work network?
    Answer: D) Miners.
  • Question 5: What happens if a gas fee is too low?
    Answer: C) Transaction may fail or be delayed.
  • Question 6: What can help reduce gas fees?
    Answer: A) Using Layer 2 solutions.
  • Question 7: What happens if a transaction runs out of gas?
    Answer: B) It fails but fees are still deducted.

Tokenomics

  • Question 1: What does Tokenomics refer to?
    Answer: A) Study of token usage and distribution.
  • Question 2: What is a token supply limit?
    Answer: C) Maximum number of tokens that will ever exist.
  • Question 3: What happens in a token burn?
    Answer: C) Tokens are removed from circulation.
  • Question 4: What is the purpose of staking in Tokenomics?
    Answer: A) Securing the network and earning rewards.
  • Question 5: What is a token vesting schedule?
    Answer: B) Gradual release of locked tokens.
  • Question 6: Which factor affects a token’s price the most?
    Answer: D) Supply and demand.
  • Question 7: How are governance tokens used?
    Answer: A) Voting on project decisions.
  • Question 8: What is a token airdrop?
    Answer: B) Free distribution of tokens.

Why Private Keys Should Never Be Shared

  • Question 1: What is a private key in cryptocurrency?
    Answer: B) A code that allows you to access and control your crypto wallet.
  • Question 2: What happens if someone else gets your private key?
    Answer: A) They can send crypto on your behalf.
  • Question 3: Which of the following should you do with your private key?
    Answer: C) Store it securely and keep it secret.
  • Question 4: Which storage method is safest for private keys?
    Answer: A) Writing it down on paper and hiding it.
  • Question 5: What kind of wallet gives you full control over your private key?
    Answer: C) Non-custodial wallet.

Hash Functions in Blockchain

  • Question 1: What is the primary role of a hash function in blockchain technology?
    Answer: B) Ensure data integrity.
  • Question 2: Which of the following best describes a cryptographic hash function?
    Answer: A) Deterministic and one-way.
  • Question 3: Which hash function is used in Bitcoin?
    Answer: C) SHA-256.
  • Question 4: What makes hash functions important for digital signatures?
    Answer: B) Collision.

Earn Extra $SYNTAX with Quizzes

Two standout features of the platform are the Daily Quiz and the General Quiz, where users can earn free $SYNTAX tokens by completing daily and general quiz challenges. These quizzes make the mining experience more fun and rewarding.

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