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Here are Syntax Verse Daily Quiz Answer 23 July 2025:
- Quiz: What do governance tokens typically allow holders to do?
- Answer: B) Make protocol upgrade decisions.
Syntax Verse Daily General Quiz Answer
Social engineering in crypto
- Question 1: What does “social engineering” mean in the context of crypto?
Answer: B) Manipulating people to give up confidential info. - Question 2: Which of the following is an example of social engineering?
Answer: A) Sending a phishing email posing as a crypto exchange. - Question 3: What’s a common goal of social engineering attacks in crypto?
Answer: B) To access a user’s private key or wallet. - Question 4: What is a “phishing” attack in crypto?
Answer: C) Tricking users to enter private data on fake sites.
Front-running in DeFi
- Question 1: What does front-running in DeFi typically involve?
Answer: B) Placing a transaction in front of someone else’s for profit. - Question 2: Which platform characteristic enables front-running in DeFi?
Answer: B) Public mempools. - Question 3: Front-running is considered a type of which of the following?
Answer: C) MEV (Miner Extractable Value. - Question 4: Which network condition increases the chance of front-running?
Answer: C) High network congestion.
Reentrancy Attacks
- Question 1: What is a reentrancy attack in smart contracts?
Answer: C) An exploit where a function is called repeatedly before previous executions complete. - Question 2: Which blockchain platform is most associated with reentrancy attacks?
Answer: A) Ethereum. - Question 3: What famous 2016 incident involved a reentrancy attack?
Answer: B) DAO hack. - Question 4: Which function behavior is typically exploited in a reentrancy attack?
Answer: D) External calls before state updates.
Multisig Wallet
- Question 1: What does “multisig” stand for in crypto wallets?
Answer: B) Multiple signatories. - Question 2: What is the main benefit of using a multisig wallet?
Answer: C) Extra security. - Question 3: In a 2-of-3 multisig wallet, how many signatures are needed to approve a transaction?
Answer: B) 2. - Question 4: Which of these wallets is known to support multisig functionality?
Answer: A) Electrum.
Gas Fees in Layer 2s
- Question 1: What is the main purpose of Ethereum Layer 2 solutions?
Answer: C) Reduce gas fees and increase transaction speed. - Question 2: Which of the following is a Layer 2 scaling solution?
Answer: C) Arbitrum. - Question 3: How do Layer 2s reduce Ethereum gas fees?
Answer: D) By bundling multiple transactions into one. - Question 4: What is a potential drawback of using Layer 2 solutions?
Answer: C) Increased complexity or security risks.
Smart Contract Security
- Question 1: What is one of the first steps you should take when checking if a smart contract is safe?
Answer: A) Review the contract code or audit report. - Question 2: What does a verified smart contract on Etherscan typically mean?
Answer: B) The code matches what’s deployed. - Question 3: Which of the following is a common sign of a malicious smart contract?
Answer: C) Hidden or obfuscated functions. - Question 4: Why is community feedback helpful when judging a smart contract?
Answer: A) It can expose past fraud or issues.
MICA
- Question 1: What does MiCA stand for in crypto regulation?
Answer: B) Markets in Crypto-Assets. - Question 2: Which region introduced the MiCA regulation?
Answer: C) European Union. - Question 3: Which of the following is a primary goal of MiCA?
Answer: A) Provide a legal framework for crypto-assets. - Question 4: True or False: MiCA bans the use of Bitcoin in the EU.
Answer: B) False. - Question 5: Which type of crypto projects are excluded from MiCA?
Answer: D) All of the above.
Wallet Privacy
- Question 1: What is the main purpose of a cryptocurrency wallet?
Answer: D) To store and manage private/public keys - Question 2: Are most blockchain transactions publicly visible?
Answer: B) Yes, on most public blockchains. - Question 3: What is an “alt wallet”?
Answer: C) An alternative wallet address you also use. - Question 4: Which method is NOT helpful for improving wallet privacy?
Answer: B) Reusing addresses.
Finality Blockchain
- Question 1: What does ‘finality’ mean in a blockchain context?
Answer: B) The point where a transaction cannot be reversed. - Question 2: Which of these best describes probabilistic finality?
Answer: C) Finality that increases with more blocks mined. - Question 3: Which blockchain uses instant (deterministic) finality?
Answer: D) Tendermint-based chains (e.g., Cosmos). - Question 4: Finality is important in blockchain because it:
Answer: C) Prevents double spending.
Liquidity in Crypto
- Question 1: What does ‘liquidity’ mean in cryptocurrency markets?
Answer: B) How easily an asset can be converted into cash or another coin. - Question 2: High liquidity means:
Answer: C) You can buy/sell quickly with minimal price impact. - Question 3: Which of the following contributes to high liquidity?
Answer: D) High trading volume and many market participants. - Question 4: Which of these assets is typically more liquid?
Answer: A) Bitcoin on Binance.
How to identify a fake crypto exchange
- Question 1: What is a common red flag of a fake crypto exchange website?
Answer: A) Spelling errors and bad grammar. - Question 2: Which URL feature should you always verify before using a crypto exchange?
Answer: C) HTTPS and domain spelling. - Question 3: What’s a risky sign during account registration?
Answer: C) Requesting private keys or seed phrases. - Question: Fake exchanges often promise:
Answer: B) Guaranteed high returns.
Zero-Knowledge Proofs
- Question 1: What does “zero-knowledge” refer to in Zero-Knowledge Proofs?
Answer: C) Verifying without revealing information. - Question 2: Which of the following is a key characteristic of Zero-Knowledge Proofs?|
Answer: C) Privacy-preserving verification. - Question 3: In the context of ZKPs, what is a “prover”?
Answer: B) A person who proves they know something. - Question 4: ZK-SNARK stands for:
Answer: A) Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.
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