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OpenEX Quiz Answers – Followchain

Table of Contents

OpenEX allows fast, secure, and transparent trades across important blockchains.

It has low gas costs, fast transactions, quick withdrawals, deep liquidity, and more.

To get started, download the MetaMask app on the App Store or Google Play Store.

Next, open the browser inside MetaMask and go to long.hub.openex.network/quiz.

Select “Connect” to connect your wallet and select “Start” to start the quiz.

In this article, you’ll learn all of the OpenEx quiz answers (long hub KYC process) to get 10 LONG Testnet USDT for free.

OpenEX Quiz Answers

Question: How does money move in the blockchain?

Answer: With digital transactions between nodes

Question: What is Ethereum?

Answer: An open-source, blockchain-based, decentralized software platform used for its own cryptocurrency, Ether

Question: What is a DAO?

Answer: Decentralized Autonomous Organization, an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government

Question: What is Bitcoin mining?

Answer: Using computer hardware to solve complex problems and earn Bitcoin rewards

Question: What is blockchain?

Answer: A tamper-proof, distributed digital ledger used to record transactions

Question: What is Blockchain mining?

Answer: Using computer hardware to solve complex problems and earn Bitcoin rewards

Question: Who should contribute to the Blockchain?

Answer: Everyone can

Question: What is an ICO?

Answer: It is a process of investment through cryptocurrencies into new cryptocurrency projects

Question: What is Gas?

Answer: A mechanism within Ethereum used to calculate the prices of operations

Question: What is cryptocurrency?

Answer: It is a digital or virtual currency that uses cryptography for security and operates, independently of a central bank

Question: How should a community uphold common interests?

Answer: Vote together and share decision-making power

Question: What is web3?

Answer: A JavaScript library used for the development of decentralized applications

Question: What are digital signatures?

Answer: A way to authenticate and ensure the integrity of digital documents or messages using cryptography

Question: What user actions could potentially affect the price of a coin?

Answer: All of the above

Question: Where does Blockchain’s security come from?

Answer: Its immutable and transparent nature

Question: How does money move in the blockchain?

Answer: With digital transactions within nodes

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