Syntax Verse Daily Quiz Answer 2 December 2025

Here are Syntax Verse Daily Quiz Answer 2 December 2025:

• Quiz: What does “minting” an NFT refer to?
• Answer: D) Creating a new token on the blockchain.

Syntax Verse Daily Vault Pattern Code 2 December 2025:

Syntax Verse Daily General Quiz Answer

Blockchain Explorer System

• Question 1: What is the main purpose of a blockchain explorer?
  Answer: B) To view blockchain data.
• Question 2: Which of the following can you typically not find on a blockchain explorer?
  Answer: D) Private keys.
• Question 3: What does a transaction “hash” represent in a blockchain explorer?
  Answer: C) A unique ID for the transaction.
• Question 4: What does “block height” refer to in a blockchain explorer?
  Answer: C) The position of a block in the chain.

DeFi vs Traditional Finance System

• Question 1: Which feature best differentiates DeFi from traditional finance?
  Answer: D) Permissionless access
• Question 2: In traditional finance, who typically controls user funds?
  Answer: A) Third-party intermediaries
• Question 3: What enables DeFi protocols to operate without centralized management?
  Answer: C) Smart contracts
• Question 4: Which of the following is a major advantage of DeFi over traditional finance?
  Answer: C) Global accessibility
• Question 5: What aspect of DeFi allows users to keep full control of their assets?
  Answer: B) Self-custody wallets

Consensus Mechanism Systems

• Question 1: Which consensus mechanism does Bitcoin use? 
  Answer: A) Proof of Work 
• Question 2: What is the main purpose of a consensus mechanism in blockchain? 
  Answer: C) To agree on valid transactions 
• Question 3: Which consensus mechanism relies on validators staking their coins to participate? 
  Answer: C) Proof of Stake 
• Question 4: In Proof of Work, what do miners mainly compete for? 
  Answer: B) Solving cryptographic puzzles

FUD in Crypto Market

• Question 1: What does the term “FUD” stand for in the crypto market? 
  Answer: ) Fear, Uncertainty, and Doubt 
• Question 2: Which of the following is a common effect of FUD in the crypto market? 
  Answer: B) Panic selling by investors 
• Question 3: FUD is often spread intentionally to: 
  Answer: D) Manipulate market prices 
• Question 4: Which of the following news headlines is MOST likely an example of FUD? 
  Answer: B) “Major exchange hacked; millions at risk!” 

Gas in the Ethereum network

• Question 1: What does “gas” primarily measure in the Ethereum network?
  Answer: C) Computational work required for a transaction.
• Question 2: What happens if a transaction runs out of gas before it completes?
  Answer: A) It fails and still consumes the gas provided.
• Question 3: Which unit is gas price usually measured in?
  Answer: B) Gwei.
• Question 4: What determines how quickly a transaction gets picked up by validators?
  Answer: D) Gas price.

Honeypots in Crypto

• Question 1: What is a honeypot in cryptocurrency?
  Answer: A) A smart contract designed to trap users into losing funds.
• Question 2: What makes a honeypot token appear attractive to buyers?
  Answer: B) Rapid price increase and active marketing.
• Question 3: In a typical honeypot scam, what can the victim usually not do?
  Answer: D) Sell the token they just bought.
• Question 4: Which blockchain platform is most commonly targeted with honeypot tokens?
  Answer: D) Binance Smart Chain (BSC).

Understanding Miner Block Manipulation

• Question 1: What does “block manipulation” generally refer to in cryptocurrency mining?
  Answer: A) Influencing which transactions go into a block.
• Question 2: What allows miners to choose which transactions to include in the next block?
  Answer: A) Their computational power.
• Question 3: Why might miners reorder transactions in a block?
  Answer: C) To maximize their own profit.
• Question 4: Which term refers to miners intentionally reordering transactions to gain profit from price differences?
  Answer: D) MEV (Miner Extractable Value).

Centralized Exchanges Storage Risks

• Question 1: When you store your crypto on a centralized exchange, who technically controls your private keys?
  Answer: C) The exchange.
• Question 2: What common phrase summarizes the risk of not controlling your own wallet keys?
  Answer: B) “Not your keys, not your coins.”
• Question 3: Which major exchange collapse in 2022 highlighted the dangers of leaving funds on centralized platforms?
  Answer: D) FTX.
• Question 4: Why can withdrawals sometimes be halted on centralized exchanges?
  Answer: A) Because the exchange may be facing liquidity issues.

PoW vs PoS

• Question 1: What is the main reason Proof of Work (PoW) is considered more reliable than Proof of Stake (PoS)?
  Answer: B) It has been tested and proven secure for over a decade.
• Question 2: In PoW, what do miners compete to solve in order to add a new block?
  Answer: A) Cryptographic puzzles.
• Question 3: What is one major concern with Proof of Stake systems?
  Answer: D) Risk of centralization by wealthy participants.
• Question 4: What percentage of mining power would an attacker need to control to compromise a PoW network?
  Answer: A) 50%.

Type of Bitcoin Wallet Addresses

• Question 1: Which of the following is the original format of Bitcoin wallet addresses?
  Answer: B) P2PKH.
• Question 2: What prefix do P2SH (Pay-to-Script-Hash) addresses typically start with?
  Answer: C) 3.
• Question 3: Bech32 addresses are also known as what type of Bitcoin addresses?
  Answer: D) SegWit.
• Question 4: Which Bitcoin address type is considered most efficient in terms of block space usage?
  Answer: C) Bech32.
• Question 5: Which Bitcoin address type is best suited for modern wallet compatibility and lowest fees?
  Answer: B) Bech32.

Cryptocurrency mining

• Question 1: What is the primary purpose of cryptocurrency mining?
  Answer: A) Verifying and adding transactions to the blockchain.
• Question 2: What kind of algorithm is commonly used in Bitcoin mining?
  Answer: A) SHA-256.
• Question 3: In proof-of-work mining, what do miners compete to solve?
  Answer: C) Mathematical puzzles.
• Question 4: What is a “block reward” in mining?
  Answer: C) Newly minted coins plus transaction fees.

What Makes a Token Deflationary

• Question 1: What does a deflationary cryptocurrency token mean?
  Answer: B) Its supply decreases or becomes scarcer over time.
• Question 2: What mechanism is most commonly used to make a token deflationary?
  Answer: D) Burning tokens.
• Question 3: What happens during a token burn?
  Answer: A) Tokens are permanently removed from circulation.
• Question 4: Which of the following can contribute to a token becoming deflationary over time?
  Answer: B) Token burning outpacing new minting.

Public Key in Cryptocurrency

• Question 1: What is a public key primarily used for in cryptocurrency?
  Answer: C) Receiving cryptocurrency.
• Question 2: Which of the following statements best describes a public key?
  Answer: B) A cryptographic code derived from a private key.
• Question 3: In a cryptocurrency transaction, why is the public key essential?
  Answer: A) It provides a destination for the funds.
• Question 4: What is the relationship between a public key and a private key?
  Answer: D) Private key generates the public key.
• Question 5: What happens if someone knows your public key?
  Answer: A) They can only send you funds.

Private Key in Cryptocurrency

• Question 1: What is a private key in cryptocurrency?
  Answer: D) A code that signs transactions and proves ownership.
• Question 2: What happens if you lose your private key?
  Answer: B) You lose access to your crypto forever.
• Question 3: How is a private key usually generated?
  Answer: B) Randomly by cryptographic algorithms.
• Question 4: What is the relationship between a private key and a public key?
  Answer: C) A public key is derived from a private key.
• Question 5: Why is it risky to share your private key?
  Answer: B) Others can control and spend your crypto.

Flash BTC Transactions

• Question 1: What does the term “Flash BTC transaction” generally refer to in cryptocurrency?
  Answer: B) A temporary BTC transfer without permanent confirmation.
• Question 2: What characteristic is most associated with flash BTC transactions?
  Answer: C) Temporarily appearing in the network before disappearing.
• Question 3: Why are flash BTC transactions considered risky?
  Answer: D) They can disappear before being confirmed.
• Question 4: What is the main reason flash BTC transactions occur?
  Answer: C) Low transaction fees and mempool manipulation.

Testnets in blockchain

• Question 1: What is the main purpose of a testnet in blockchain development?
  Answer: D) Testing new features without risking real assets.
• Question 2: Which of the following best describes a testnet?
  Answer: A) A copy of the blockchain used for experiments.
• Question 3: What do testnets typically use instead of real cryptocurrency?
  Answer: A) Test tokens with no real-world value.
• Question 4: Why are testnets crucial for smart contract deployment?
  Answer: B) They allow safe debugging before mainnet launch.

Meme coins on the solana blockchain

• Question 1: What is one major reason meme coin creators choose Solana over other blockchains?
  Answer: B) Faster transaction speeds.
• Question 2: How do Solana’s transaction costs influence meme coin launches?
  Answer: A) They make experimentation cheaper.
• Question 3: Which feature of Solana helps meme coins handle sudden surges in trading volume?
  Answer: B) High throughput.
• Question 4: Why does Solana’s developer-friendly ecosystem attract meme coin creators?
  Answer: C) It simplifies token deployment.

Seed Phrase In Cryptocurrency

• Question 1: What is a seed phrase used for in cryptocurrency wallets?
  Answer: C) Recovering wallet access.
• Question 2: How many words are typically included in a standard seed phrase?
  Answer: B) 12 or 24.
• Question 3: If someone knows your seed phrase, they can:
  Answer: A) Fully control your wallet.
• Question 4: What’s the safest way to store a seed phrase?
  Answer: D) Write it down and store it offline.

Choosing the Right Crypto Wallet

• Question 1: Which of the following best describes a crypto wallet?
  Answer: A) A tool to store, send, and receive cryptocurrencies.
• Question 2: What is the main difference between a hot wallet and a cold wallet?
  Answer: C) Cold wallets are offline while hot wallets are online.
• Question 3: Which type of wallet is generally considered the most secure for long-term storage?
  Answer: A) Hardware wallet.
• Question 4: What is the primary risk of using an online (hot) wallet?
  Answer: B) Hackers targeting internet-connected devices.
• Question 5: Why is a seed phrase important when choosing a crypto wallet?
  Answer: D) It acts as your wallet’s backup key.

Al Crypto Security

• Question 1: What is one of the main uses of AI in cryptocurrency security?
  Answer: D) Detecting suspicious transactions in real time
• Question 2: How can AI help prevent phishing attacks targeting crypto wallets?
  Answer: C) By analyzing behavioral patterns in communication
• Question 3: What advantage does AI bring to smart contract auditing?
  Answer: B) It detects vulnerabilities faster than manual review
• Question 4: Which AI approach is commonly used to detect abnormal on-chain activity?
  Answer: A) Anomaly detection models

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