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Professional Development month 2022: Week 3 quiz

Professional Development Month 2022
Crypto quiz

July 2022

1. According to the ACT’s 2022 Corporate Debt and Treasury report, what are the top three areas that would need to change in order for companies to start using crypto currencies more:

(a) Reduced volatility
(b) Changes in accounting treatment
(c) Increased regulatory supervision
(d) Greater acceptance/use by others
(e) Addressing environmental concerns
(f) Nothing (comfortable using now)

2. What is the main purpose of Ethereum and other L1 networks (e.g.Solana, Cardano, etc.)

3. What is the purpose of mining and NFTs (non-fungible tokens):

a) Mining: sourcing data on the blockchain
b) Mining: enhanced supervisory review process for digital currencies
c) Mining: validation of transactions on the blockchain
(d) NFTs: enhanced cash management tools and controls
(e) NFTs: enhanced diversification of sources and uses of cash
(f) NFTs: mechanism for assigning ownership of digital assets on the centralised blockchain

4. What is the maximum number of Bitcoins that will ever exist:

5. What is the name of the blockchain on which sit the vast majority of NFTs?

6. What percentage of the world has adopted crypto and what percentage is considered mainstream?

(a) Percentage adopted: 1-2%
(b) Percentage considered mainstream: 15%
(c) Percentage adopted: 3-4%
(d) Percentage considered mainstream: 30%
(e) Percentage adopted: 10-15%
(f) Percentage considered mainstream: 50%
(g) Percentage adopted: 50%
(h) Percentage considered mainstream: 80%

7. What is a stablecoin?

8. What is DeFi?

9. If you would like to be entered into the prize draw please provide your name and email address below:

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