All GIFT Codes and Answers for Simple Coin Tests

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  • Gift Promo Code Simple Coin: SimpleTrading
  • Gift Promo Code Simple Coin: Altcoin Treasure Hunt
  • Gift Promo Code Simple Coin: Bull Vibes
  • Gift Promo Code Simple Coin: BITCOIN
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  • Gift Promo Code Simple Coin: History of crypto
  • Gift Promo Code Simple Coin: Polygon
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  • Gift Promo Code Simple Coin: CRYPTO COINS
  • Gift Promo Code Simple Coin: Network
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Collection #1 - Introduction to Blockchain

Question 1: What is a blockchain?
✅ A revolutionary form of database

Question 2: How are transactions added to the blockchain?
✅ Once approved by nodes

Question 3: What is a significant problem that blockchain networks like Bitcoin Ethereum face?
✅ Scalability issues

Question 4: Which consensus mechanism is often associated with high energy consumption in blockchain networks like Bitcoin?
✅ Proof of Work

Question 5: What is a potential problem that arises from the transparency and traceability of transactions on the blockchain?
✅ Concerns about personal privacy

Collection #2 - What is Bitcoin?

Question 1: What year was Bitcoin created?
✅ 2009

Question 2: Who is the creator of Bitcoin?
✅ Satoshi Nakamoto

Question 3: What is the technology behind Bitcoin?
✅ Blockchain

Question 4: How many Bitcoins will there be?
✅ 21 million

Question 5: What is the name of the process of verifying Bitcoin transactions?
✅ Mining

Collection #3 - What is Ethereum?

Question 1: What is Ether (ETH) used for in the Ethereum network?
✅ To pay for transactions and execute smart contracts on the platform

Question 2: What transaction confirmation method is used in Ethereum 2.0?
✅ Proof of Stake

Question 3: What is DeFi?
✅ Decentralized finance providing financial services without traditional banks

Question 4: What is the scalability problem in the Ethereum network?
✅ Network congestion as the number of users and applications increases

Question 5: In what year was the Ethereum platform launched?
✅ 2015

Question 6: Who is the creator of Ethereum?
✅ Vitalik Buterin

Question 7: What is a smart contract?
✅ A program that automatically executes the terms of a contract on the blockchain

Collection #4 - What is Solana?

Question 1: What unique technology does Solana use to increase transaction speed?
✅ Proof of History

Question 2: Who is the founder of Solana?
✅ Anatoly Yakovenko

Question 3: What is the purpose of the Sealevel mechanism in Solana?
✅ Execute smart contracts in parallel

Question 4: What is one of the key advantages of Solana compared to other blockchains?
✅ Low transaction fees

Question 5: What consensus algorithm is modified and used in Solana in the form of Tower BFT?
✅ Practical Byzantine Fault Tolerance (PBFT)

Question 6: What applications can be built and run on Solana?
✅ Decentralized applications (DApps)

Question 7: What year was the Solana platform launched?
✅ 2020

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