In this test, we offer you to test your knowledge of DEX (Decentralized Exchanges). Take a short quiz consisting of 7 questions. 1.What does DEX stand for? Digital Exchange Network Data Encryption Exchange Decentralized Exchange Dynamic Exchange System 2.How are transactions secured on a DEX? By a central authority Through smart contracts on the blockchain By user verification Through a combination of fingerprint and password 3.What do users typically need to use a DEX? A crypto wallet compatible with the DEX’s blockchain Permission from the exchange administrator A registered account on the platform None of the above 4.How are orders executed on a DEX? Through manual approval by the exchange By a central order book By matching buyers and sellers directly Through automated liquidity pools 5.Compared to a Centralized Exchange (CEX), DEX transactions are typically: Slower and more expensive Faster and cheaper More secure but less user-friendly Less secure but more convenient 6.DEX users can generate income by providing liquidity to the platform True False 7.DEX requires users to register and deposit funds with the exchange. True False blockchaincryptocurrencyDecentralized ExchangeDeFiDEXPavel DurovTelegramToncoinWeb3 You May Also Like 17.08.2019 Идиомы английского языка – часть 18. Готовимся к сдаче экзамена 31.12.2018 Государственная служба в Казахстане | Закон РК об административных процедурах | Тест 3
1 Comment
M.Ashraf
Very nice