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Binance Quiz L&E Answers 🔥

---------- XRPL Token ------

1.) XRPL is decentralized, permissionless, and open-source
👉 True

2.) What is the native digital asset on the XRP Ledger?
👉 XRP

3.) On average, how long does a transaction confirmation on the XRP Ledger take?
👉 3 to 5 seconds

4.) What is the XRP Ledger’s validation mechanism?
👉 Federated Consensus

5.) What can the XRP Ledger be used for today?
👉 All the correct

6.) What is the average cost of transactions on XRPL?
👉 Less than 1 cent

7.) Which of the following describes the XRPL?
👉 All are correct

8.) The XRPL’s built-in DEX is based on an order book model.
👉 True

9.) The XRP Ledger is useful for developers because.
👉 They are able to code in Python, Java and JavaScript languages.

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---------- LSK Token --------

1.) Which popular programming language does Lisk support?
👉 JavaScript

2.) What consensus mechanism does Lisk currently utilize?
👉 Delegated Proof of Stake

3.) Which token is used within the Lisk Network as a utility token?
👉 LSK

4.) What is the current development goal for Lisk?
👉 To enable interoperability within the Lisk ecosystem

5.) How will blockchain applications operate within the Lisk Ecosystem?
👉 On separate sidechains

6.) What makes Lisk accessible to Web3 developers?
👉 All are correct

7.) How can users benefit from Lisk’s accessibility?
👉 All are correct

8.) What can LSK holders do with the token?
👉 All are correct

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----------- BTTC Token ------

1.) “Locked staking” refers to the process of locking your digital assets on a _ for a certain period of time.
👉 Proof of Stake blockchain

2.) With Binance Locked Staking, redemption doesn’t require a certain unlocking period. True or false?
👉 False

3.) What can you NOT do on Binance Earn?
👉 Conduct leveraged trading to amply the returns

4.) Which of the following is a form of passive income?
👉 Alice stakes her crypto holdings

5.) What can you do with Binance Earn?
👉 Select different products to

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