Syntax Verse Daily Quiz Answer 6 June 2025

Syntax Verse Daily Quiz Answer

Searching for today’s Syntax Verse Daily Quiz Answer 6 June 2025? End your search here, collect your rewards of Today Syntax Verse Quiz “What can happen if a blockchain suffers a 51% attack?” with QuikNotes.

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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.

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Here are Syntax Verse Daily Quiz Answer 6 June 2025:

  • Quiz: What can happen if a blockchain suffers a 51% attack?
  • Answer: C) Double-spending of coins may occur.

Syntax Verse Daily General Quiz Answer

How DAG-Based Cryptocurrencies Work

  • Question 1: What does DAG stand for in blockchain technology?
    Answer: A) Directed Acyclic Graph.
  • Question 2: Which cryptocurrency is well-known for using a DAG structure?
    Answer: C) IOTA.
  • Question 3: In a DAG-based cryptocurrency, how are transactions verified?
    Answer: A) Each new transaction approves previous ones.
  • Question 4: Which of the following is a benefit of using DAG over traditional blockchains?
    Answer: C) Scalability for microtransactions.

The Role of Soulbound Tokens in Web3

  • Question 1: What is a Soulbound Token (SBT)?
    Answer: B) A non-transferable token tied to an identity.
  • Question 2: What makes Soulbound Tokens different from traditional NFTs?
    Answer: C) They cannot be transferred or sold.
  • Question 3: What kind of information could be represented using SBTs?
    Answer: A) Educational credentials and achievements.
  • Question 4: Who proposed the idea of Soulbound Tokens?
    Answer: C) Vitalik Buterin.

Smart Contract Risks

  • Question 1: What is a common risk of smart contracts if the code is poorly written?
    Answer: C) Smart contract hacks.
  • Question 2: Why can smart contracts be risky once deployed to the blockchain?
    Answer: D) Their code becomes unchangeable.
  • Question 3: What kind of attack tricks a smart contract into calling back into itself repeatedly?
    Answer: B) Reentrancy.
  • Question 4: What happens if a smart contract lacks proper input validation?
    Answer: A) Users can exploit its functions.

Blockchain Security

  • Question 1: What is the primary purpose of blockchain security?
    Answer: C) To protect data from tampering or unauthorized access.
  • Question 2: What is a 51% attack in blockchain?
    Answer: A) When a single entity controls over 51% of the network’s mining power.
  • Question 3: What is a private key in blockchain security?
    Answer: B) A secret code used to access your crypto.
  • Question 4: Which of the following helps protect blockchains from tampering?
    Answer: D) Cryptographic hashing and consensus mechanisms.

How SIM Swaps Can Lead to Crypto Theft

  • Question 1: What is the main goal of a SIM swap attack?
    Answer: C) To gain control of a user’s phone number.
  • Question 2: Why is access to your phone number dangerous in crypto security?
    Answer: B) It lets attackers receive two-factor authentication (2FA) codes.
  • Question 3: Which type of account is most often compromised after a SIM swap?
    Answer: D) Cryptocurrency wallets and exchanges.
  • Question 4: Which form of 2FA is safer than using SMS for crypto accounts?
    Answer: A) Authenticator apps like Google Authenticator.

Multi-Party Computation (MPC) in Crypto Security

  • Question 1: What is the main purpose of Multi-Party Computation (MPC) in crypto security?
    Answer: B) To allow multiple parties to compute a result without revealing private inputs.
  • Question 2: In MPC, each party holds a piece of the data. What is this concept called?
    Answer: C) Secret Sharing
  • Question 3: Which of the following is a common real-world use case of MPC in crypto?
    Answer: A) Secure key management for crypto wallets.
  • Question 4: In MPC-based wallets, how is the private key handled?
    Answer: B) Broken into shares distributed among parties.

Token burning explained

  • Question 1: What is token burning in the context of cryptocurrency?
    Answer: A) Deleting tokens from circulation permanently.
  • Question 2: What is the main purpose of burning tokens?
    Answer: C) Reduce supply to potentially increase value.
  • Question 3: What address are tokens usually sent to when burned?
    Answer: B) Zero address (0x000…000).
  • Question 4: Which of the following is a common reason projects burn tokens?
    Answer: A) To increase scarcity and investor interest.

Crypto Culture & Slangs

  • Question 1: What is a “whale” in crypto slang?
    Answer: C) A person who holds large amounts of crypto.
  • Question 2: What does “HODL” stand for in crypto slang?
    Answer: A) Hold On for Dear Life.
  • Question 3: If someone is said to be “rekt” in crypto, what happened?
    Answer: B) They lost a lot of money.
  • Question 4: What does “FOMO” mean in crypto investing?
    Answer: D) Fear of Missing Out.
  • Question 5: What is “FUD” short for in the crypto world?
    Answer: C) Fear, Uncertainty, Doubt.

Proof of Stake

  • Question 1: What does “staking” typically involve in a Proof of Stake blockchain?
    Answer: B) Locking up coins to validate transactions.
  • Question 2: Which of the following blockchains uses Proof of Stake (PoS)?
    Answer: A) Ethereum (post-Merge).
  • Question 3: In PoS, validators are chosen based on:
    Answer: C) The size and duration of their stake.
  • Question: What is one major benefit of Proof of Stake over Proof of Work?
    Answer: C) It’s more energy-efficient.

Real World Assets

  • Question 1: What does the term “Real World Assets” (RWAs) refer to in the context of blockchain?
    Answer: B) Physical assets represented on-chain.
  • Question 2: Which of the following is not typically considered a Real World Asset?
    Answer: D) Bitcoin.
  • Question 3: What is the primary benefit of tokenizing Real World Assets on a blockchain?
    Answer: C) Increases liquidity and accessibility.
  • Question 4: Which type of blockchain token is often used to represent Real World Assets?
    Answer: D) Security token.

How Bitcoin Addresses Are Generated

  • Question 1: What is the first step in generating a Bitcoin address?
    Answer: D) Generating a private key.
  • Question 2: Bitcoin private key is typically represented as:
    Answer: B) A 256-bit number.
  • Question 3: Which algorithm is used to create a public key from a private key in Bitcoin?
    Answer: C) ECDSA (secp256k1).
  • Question 4: What is added to the beginning of a Bitcoin address before Base58 encoding?
    Answer: B) A version byte.

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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