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✅ Binance XRP Ledger Quiz Answers

Q1) XRPL is decentralized, permissionless, and open-source

Answer: True

Q2) What is the native digital asset on the XRP Ledger?

Answer: XRP

Q3) On average, how long does a transaction confirmation on the XRP Ledger take?

Answer: 3 to 5 seconds

Q4) What is the XRP Ledger’s validation mechanism?

Answer: Federated Consensus

Q5) What can the XRP Ledger be used for today?

Answer: All the correct

Q6) What is the average cost of transactions on XRPL?

Answer: Less than 1 cent

Q7) Which of the following describes the XRPL?

Answer: All are correct

Q8) The XRPL’s built-in DEX is based on an order book model.

Answer: True

Q9) The XRP Ledger is useful for developers because.

Answer: They are able to code in Python, Java and JavaScript languages

✅ Binance LSK Quiz Answers

Q1) Which popular programming language does Lisk support?

Answer: JavaScript

Q2) What consensus mechanism does Lisk currently utilize?

Answer: Delegated Proof of Stake

Q3) Which token is used within the Lisk Network as a utility token?

Answer: LSK

Q4) What is the current development goal for Lisk?

Answer: To enable interoperability within the Lisk ecosystem

Q5) How will blockchain applications operate within the Lisk Ecosystem?

Answer: On separate sidechains

Q6) What makes Lisk accessible to Web3 developers?

Answer: All are correct

Q7) How can users benefit from Lisk’s accessibility?

Answer: All are correct

Q8) What can LSK holders do with the token?

Answer: All are correct

✅ Binance BTTC Quiz Answers

Q1) “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.

Answer: Proof of Stake blockchain

Q2) With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?

Answer: False

Q3) What can you NOT do on Binance Earn?

Answer: Conduct leveraged trading to amply the returns

Q4) Which of the following is a form of passive income?

Answer: Alice stakes her crypto holdings

Q5) What can you do with Binance Earn?

Answer: Select different products to grow your crypto holdings

Q6) What is NOT staking?

Answer: Generate returns by trading your coins

Q7) Once you subscribe to the Locked Staking, interests will be calculated from the following day, and are distributed to your Spot Wallet every day. True or false?

Answer: true

Q8) When the Locked Staking process is complete, the staked assets will be redeemed automatically and returned to your _.

Answer: spot wallet

Q9) Binance Locked Staking’s locking period for different products is the same. True or false?

Answer: False

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