Binance Learn & Earn XRPL Quiz Answers
Binance Learn & Earn XRPL Quiz, Binance Learn & Earn XRPL 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 XRPL 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 LSK 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 XRPL quiz“, where users can gain knowledge about XRPL coin and earn up to $10 in crypto by completing course and quiz of XRPL.
The XRP Ledger (XRPL) is an open source, public and decentralized Layer 1 blockchain led by a global developer community.
Binance Learn & Earn XRPL Quiz
| Binance Learn & Earn XRPL Quiz | Details |
|---|---|
| Quiz about : | XRPL Token |
| Quiz Date : | 24th August 2022 |
| Quiz Time : | 2022-08-24 09:00 (UTC) |
| Number of Questions : | 9 |
| Number of winners : | 1st come 1st serve |
How to Participate in Binance Learn & Earn XRPL 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 XRPL quiz banner
- Click on that
- New chapter of learn & earn XRPL quiz will live from 02.30 PM IST
- start the quiz at same time & solve using below already solved Binance XRPL Quiz answers
Binance Learn & Earn XRPL Quiz Answers
Question 1: XRPL is decentralized, permissionless, and open-source
Answer is : True
Question 2: What is the native digital asset on the XRP Ledger?
Answer is : XRP
Question 3: On average, how long does a transaction confirmation on the XRP Ledger take?
Answer is : 3 to 5 Seconds
Question 4: What is the XRP Ledger’s validation mechanism?
Answer is : Federated Consensus
Question 5: What can the XRP Ledger be used for today?
Answer is : All are Correct
Question 6: What is the average cost of transactions on XRPL?
Answer is : Less than 1 cent
Question 7: Which of the following describes the XRPL?
Answer is : All are Correct
Question 8: The XRPL’s built-in DEX is based on an order book model.
Answer is : True
Question 9: The XRP Ledger is useful for developers because:
Answer is : They are able to code in Python, Java and JavaScript languages.
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 XRPL Tokens (Useful in Binance XRPL Quiz)
The XRP Ledger (XRPL) is a decentralized, public blockchain built by three developers who were seeking a faster, more energy-efficient blockchain. For more than ten years, it has been the blockchain best suited to enable settlement and liquidity of tokenized assets at scale.
It has operated continuously since 2012 and enabled developers to build a wide range of projects for the XRPL community. There are a wide range of applications on the XRPL today, spanning micropayments, DeFi, and tokenization.
How XRPL Token works?
Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions.Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions.
All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world. The XRPL has operated continuously since January 2013, and billions of transactions have been completed.
Terms and Conditions Of Binance XRPL 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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