STAGE 4 - THE PALACE GUARDS
WE HAVE A WINNER - THANKS FOR PLAYING!
Why was XRP and the XRP Ledger created?
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To create a decentralized social media network
To enable high-frequency trading in stock markets
To serve as a better version of Bitcoin that is more sustainable and built specifically for payments
To function as a government-backed digital currency
What is the primary function of the XRP Ledger?
*
To store digital collectibles
To facilitate fast and low-cost transactions
To mine new cryptocurrencies
To enforce smart contract regulations
Who was NOT one of the three founders of the XRP Ledger?
*
David Schwartz
Jed McCaleb
Arthur Britto
Chris Larsen
What is the native currency of the XRP Ledger?
*
Ripple
XRP
XRPL
XCOIN
What is the maximum supply of XRP?
*
100 billion
21 million
Unlimited
50 billion
How does the XRP Ledger confirm transactions?
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Proof of Work (PoW)
Proof of Stake (PoS)
A network of independent validators
A single central authority
How long does it typically take for an XRP transaction to finalize?
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10 minutes
3-5 seconds
1 hour
1 minute
Which of the following are advantages of the XRP Ledger compared to Bitcoin?
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No mining is required, allowing for a greener blockchain
Transactions settle faster
Transaction fees are cheaper
All of the above
Which of the following was the first blockchain to feature a built-in decentralized exchange (DEX)?
*
Ethereum
Bitcoin
XRP Ledger
Solana
If you could only hold one of the following digital assets, which one would it be?
*
XRP
Bitcoin
Ethereum
Other
