Binance Learn & Earn LSK Quiz Answers
Binance Learn & Earn LSK Quiz, Binance Learn & Earn LSK Quiz Answers – Hi Guys, Hope you are enjoying our daily posting of amazon quiz answers & amazon funzone stars quiz answers. Meanwhile, Binance the popular crypto platform of the world has announced another learn & earn LSK quiz program for all users. Binance Learn & Earn is great source of free crypto earning without spending any penny.
There will be 3 Quizzes (XRPL, LSK, BTTC) on 24th August 2022 in Binance learn & earn. we have already posted the Binance learn & earn XRPL quiz answers. keep that tab open while solving the questions.
We have already posted each & all Binance Learn & earn quiz answers in 1 post. must check out that one too.
Meanwhile , Binance has announced next chapter of “Binance Learn & Earn LSK quiz“, where users can gain knowledge about LSK coin and earn up to $10 in crypto by completing course and quiz of LSK.
Lisk (LSK) is a blockchain application platform that offers Web3 developers an accessible toolkit for building Blockchain apps, including a simple-to-use JavaScript SDK.
Binance Learn & Earn LSK Quiz
| Binance Learn & Earn LSK Quiz | Details |
|---|---|
| Quiz about : | LSK Token |
| Quiz Date : | 24th August 2022 |
| Quiz Time : | 2022-08-24 09:00 (UTC) |
| Number of Questions : | 8 |
| Number of winners : | 1st come 1st serve |
How to Participate in Binance Learn & Earn LSK Quiz
- First of all update your Binance app from Playstore to latest version of visit this Binance Learn & earn quiz webpage directly
- New Users of Binance can create new account from here
- Login into your Binance account
- Go to homepage & you will see this learn & earn LSK quiz banner
- Click on that
- New chapter of learn & earn LSK quiz will live from 2.30 PM IST
- start the quiz at same time & solve using below already solved Binance LSK Quiz answers
Binance Learn & Earn LSK Quiz Answers
Question 1: Which popular programming language does Lisk support?
Answer is : JavaScript
Question 2: What consensus mechanism does Lisk currently utilize?
Answer is : Delegated Proof of Stake
Question 3: Which token is used within the Lisk Network as a utility token?
Answer is : LSK
Question 4: What is the current development goal for Lisk?
Answer is : To enable interoperability within the Lisk ecosystem
Question 5: How will blockchain applications operate within the Lisk Ecosystem?
Answer is : On separate sidechains
Question 6: What makes Lisk accessible to Web3 developers?
Answer is : All are correct
Question 7: How can users benefit from Lisk’s accessibility?
Answer is : All are Correct
Question 8: What can LSK holders do with the token?
Answer is : All are correct
Questions will be in different order in your accounts.
If anything change in this question , we will update correct questions on Our Telegram channel.
Details About LSK Tokens (Useful in Binance LSK Quiz)
Lisk is an open-source, layer-1 blockchain application platform that aims to help projects onboard users into the crypto and Web3 space. Through its easy-to-use SDK, developers can build scalable blockchain applications easily. The metaverse projects, DAOs, NFT marketplaces, and many other applications they create can also offer faster transaction speed at lower fees for users.
One of the major challenges blockchain technology faces in the Web3 era is the lack of accessibility. Different blockchains use a variety of programming languages, which makes it difficult for developers to build applications that can be flexibly used across multiple platforms.
How LSK Token works?
Lisk was founded in 2016 by Max Kordek and Oliver Beddows. It focuses on improving Web3 accessibility for developers and users. Some of Lisk’s main features include
Lisk uses the Delegated Proof of Stake (DPoS) consensus algorithm to secure the blockchain. DPoS is considered a more efficient and democratic version of the popular Proof of Stake (PoS) mechanism. It allows validators to outsource the block validation through a voting system.
On the Lisk blockchain, voters can use their LSK tokens to vote for a maximum of 10 delegators to secure the network on their behalf and share the LSK rewards among them. Generally, a delegator with more votes is more likely to be selected to generate the subsequent blocks.
Since the process is distributed among 100+ delegated validators, Lisk can operate in a fairly decentralized manner. It also enables the network to achieve scalability and increase its transactions per second (TPS) rate.05:15 PM
Terms and Conditions Of Binance LSK Quiz :
- Illegally bulk registered accounts and sub-accounts shall not be eligible to participate or receive any rewards.
- Rewards are limited and are available on a first-come, first-served basis. Users can only claim the reward for each course after completing the respective quiz.
- There will be caps imposed on the amount of rewards available to eligible users per country/region.
- Eligible users may complete multiple quizzes to claim multiple rewards.
- The actual value of the reward received is subject to change due to market fluctuation.
- Rewards will be distributed within 48 hours to qualified learners who pass the quiz. Users may check their rewards via Account > Reward Center.
- Binance reserves the right to terminate the activity at any time without prior notice.
- Binance accounts can only be used by the account registrants. Binance reserves the right to suspend, freeze or cancel the use of Binance accounts by persons other than account registrants.
- Binance reserves the right of final interpretation of the activity. Binance reserves the right to change or modify these terms at its discretion at any time.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
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